Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 20,286.0% in the fourth quarter, HoldingsChannel reports. The firm owned 104,784 shares of the financial services provider’s stock after acquiring an additional 104,270 shares during the period. Kinsale Capital Group makes up about 1.7% of Premier Fund Managers Ltd’s portfolio, making the stock its 27th biggest holding. Premier Fund Managers Ltd’s holdings in Kinsale Capital Group were worth $48,813,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KNSL. Geode Capital Management LLC lifted its position in shares of Kinsale Capital Group by 5.9% during the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after purchasing an additional 29,686 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kinsale Capital Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock valued at $69,126,000 after purchasing an additional 3,469 shares during the period. Empowered Funds LLC bought a new position in Kinsale Capital Group in the 4th quarter worth approximately $1,071,000. Argent Capital Management LLC bought a new position in Kinsale Capital Group in the 4th quarter valued at about $1,736,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth 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 have weighed in on the stock. Truist Financial lifted their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. 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. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective 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. Finally, Morgan Stanley decreased 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 company. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Trading Up 1.3 %

Shares of KNSL stock opened at $486.61 on Friday. The firm has a market capitalization of $11.33 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.66 and a beta of 1.25. The stock’s fifty day simple moving average is $451.47 and its 200 day simple moving average is $460.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $534.67.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data 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. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. 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. Kinsale Capital Group’s dividend payout ratio 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.