WINTON GROUP Ltd Sells 883 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

WINTON GROUP Ltd lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 39.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,338 shares of the financial services provider's stock after selling 883 shares during the quarter. WINTON GROUP Ltd's holdings in Kinsale Capital Group were worth $622,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KNSL. Geode Capital Management LLC boosted its holdings in Kinsale Capital Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock valued at $246,810,000 after acquiring an additional 29,686 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter worth about $1,071,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Kinsale Capital Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after acquiring an additional 3,970 shares during the last quarter. Argent Capital Management LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at $1,736,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Kinsale Capital Group during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.3 %

KNSL traded up $1.30 during trading on Tuesday, reaching $488.01. The company had a trading volume of 159,194 shares, compared to its average volume of 175,052. The business's fifty day moving average price is $453.37 and its 200 day moving average price is $461.21. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $531.79. The company has a market cap of $11.36 billion, a P/E ratio of 27.43, a PEG ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results 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 business had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

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

Analyst Ratings Changes

KNSL has been the topic of a number of research analyst reports. Truist Financial raised their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley cut their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and an average price target of $468.56.

About Kinsale Capital Group

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.