William Blair Investment Management LLC Acquires New Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

William Blair Investment Management LLC bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,767 shares of the financial services provider's stock, valued at approximately $14,776,000. William Blair Investment Management LLC owned 0.14% of Kinsale Capital Group at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Handelsbanken Fonder AB boosted its position in Kinsale Capital Group by 1,119.0% in the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock valued at $32,885,000 after buying an additional 64,900 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Kinsale Capital Group by 65.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider's stock valued at $69,471,000 after purchasing an additional 58,971 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Kinsale Capital Group during the 4th quarter valued at approximately $22,933,000. DAVENPORT & Co LLC grew its position in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock worth $238,193,000 after buying an additional 44,931 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Kinsale Capital Group in the third quarter worth $18,599,000. Institutional investors and hedge funds own 85.36% of the company's stock.

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Kinsale Capital Group Stock Performance

NYSE KNSL traded up $11.94 during trading hours on Monday, hitting $481.98. The company had a trading volume of 164,570 shares, compared to its average volume of 171,428. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.22 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $536.84. The business has a fifty day simple moving average of $447.17 and a 200-day simple moving average of $460.26.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's payout ratio is currently 3.82%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial lifted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley reduced their target price on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.