Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 544,954 shares of the financial services provider’s stock after purchasing an additional 16,246 shares during the quarter. Geode Capital Management LLC’s holdings in Kinsale Capital Group were worth $254,441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $1,071,000. Charles Schwab Investment Management Inc. lifted its position in Kinsale Capital Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock valued at $70,907,000 after buying an additional 3,970 shares in the last quarter. Argent Capital Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth approximately $1,736,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth $46,000. Finally, GAMMA Investing LLC raised its stake in shares of Kinsale Capital Group by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KNSL. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Truist Financial boosted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price 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. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Trading Down 7.8 %

NYSE KNSL opened at $459.89 on Friday. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. 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 12 month low of $355.12 and a 12 month high of $531.79. The company’s fifty day moving average price is $457.25 and its two-hundred day moving average price is $461.93.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, research 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 company also recently declared 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 dividend on an annualized basis and a dividend 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 3.82%.

Kinsale Capital Group Company 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.