National Bank of Canada FI Purchases 649 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

National Bank of Canada FI lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,899 shares of the financial services provider’s stock after purchasing an additional 649 shares during the period. National Bank of Canada FI’s holdings in Kinsale Capital Group were worth $4,604,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Kinsale Capital Group Trading Down 7.8 %

Shares of KNSL stock opened at $459.89 on Monday. The company has a market cap of $10.70 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $531.79. The stock’s 50 day simple moving average is $457.25 and its two-hundred day simple moving average is $461.99. 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 (NYSE:KNSL) last released its quarterly 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 company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, February 27th. 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 3.82%.

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.