Blair William & Co. IL Acquires 4,363 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Blair William & Co. IL raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% in the fourth quarter, Holdings Channel reports. The firm owned 80,629 shares of the financial services provider’s stock after purchasing an additional 4,363 shares during the period. Blair William & Co. IL’s holdings in Kinsale Capital Group were worth $37,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in KNSL. Handelsbanken Fonder AB grew its position in Kinsale Capital Group by 1,119.0% during the fourth 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 period. Proficio Capital Partners LLC purchased a new position in Kinsale Capital Group in the fourth quarter valued at about $22,933,000. DAVENPORT & Co LLC grew its position in shares of Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after acquiring an additional 44,931 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Kinsale Capital Group during the 3rd quarter worth approximately $18,599,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $18,323,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $486.61 on Friday. The company’s 50 day simple moving average is $451.47 and its two-hundred day simple moving average is $460.87. The stock has a market capitalization of $11.33 billion, a PE ratio of 27.35, a P/E/G 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. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $534.67.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping 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 return on equity of 28.04% and a net margin of 26.13%. Analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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 a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s payout ratio is presently 3.82%.

Analysts Set New Price Targets

Several equities analysts have weighed in on KNSL shares. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley cut their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Truist Financial boosted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. 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 report 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 company’s stock. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price 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.