Benjamin Edwards Inc. Boosts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Benjamin Edwards Inc. raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 961 shares of the financial services provider’s stock after buying an additional 63 shares during the quarter. Benjamin Edwards Inc.’s holdings in Kinsale Capital Group were worth $447,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new stake in Kinsale Capital Group during the fourth quarter worth about $31,000. Larson Financial Group LLC grew its position in Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after buying an additional 74 shares during the period. Allworth Financial LP increased its holdings in 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 buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Truist Financial lowered their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $470.00.

Kinsale Capital Group Stock Down 0.7 %

KNSL stock opened at $454.46 on Friday. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The stock has a market capitalization of $10.59 billion, a P/E ratio of 25.55, a PEG ratio of 1.66 and a beta of 1.29. The company has a 50 day moving average price of $463.50 and a two-hundred day moving average price of $461.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same period in the prior year, the firm posted $3.50 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group’s payout ratio is presently 3.91%.

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.