Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,438 shares of the financial services provider's stock after buying an additional 1,087 shares during the quarter. Zions Bancorporation N.A.'s holdings in Kinsale Capital Group were worth $2,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KNSL. Congress Wealth Management LLC DE raised its stake in shares of Kinsale Capital Group by 2.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 9,565 shares of the financial services provider's stock valued at $4,449,000 after acquiring an additional 256 shares in the last quarter. Emerald Advisers LLC raised its position in Kinsale Capital Group by 11.8% in the 4th quarter. Emerald Advisers LLC now owns 1,706 shares of the financial services provider's stock valued at $794,000 after purchasing an additional 180 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Kinsale Capital Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after buying an additional 29,553 shares during the period. LPL Financial LLC grew its position in shares of Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after buying an additional 4,644 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $2,093,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

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Analysts Set New Price Targets

Several research firms have commented on KNSL. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. 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 report on Tuesday, February 18th. Morgan Stanley dropped their price objective 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. decreased their target price on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded down $4.58 during trading hours on Friday, hitting $482.17. The stock had a trading volume of 106,207 shares, compared to its average volume of 175,001. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $11.22 billion, a PE ratio of 27.10, a PEG ratio of 1.66 and a beta of 1.25. The stock's 50 day moving average is $452.38 and its 200 day moving average is $460.96. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million during 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%. As a group, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.82%.

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.