Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 91,042 shares of the financial services provider’s stock after acquiring an additional 3,620 shares during the quarter. Sei Investments Co.’s holdings in Kinsale Capital Group were worth $42,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its stake in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 74 shares during the period. Allworth Financial LP boosted its holdings in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $46,000. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KNSL. JPMorgan Chase & Co. cut their target price on 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. Truist Financial upped their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley dropped their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $481.98 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $536.84. The company has a market cap of $11.22 billion, a PE ratio of 27.09, a PEG ratio of 1.66 and a beta of 1.25. The stock’s 50-day moving average price is $448.46 and its two-hundred day moving average price is $460.38.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. On average, 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is 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.