Huntington National Bank Purchases 157 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Huntington National Bank increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 49.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 475 shares of the financial services provider’s stock after buying an additional 157 shares during the period. Huntington National Bank’s holdings in Kinsale Capital Group were worth $221,000 as of its most recent SEC filing.

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

Kinsale Capital Group Trading Down 7.8 %

Shares of KNSL stock opened at $459.89 on Friday. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $531.79. The firm has a 50 day moving average price of $457.25 and a two-hundred day moving average price of $461.93. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market capitalization 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 (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 the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley decreased their target price on shares of 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. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Truist Financial upped their target price 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $468.56.

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.