Nicolet Advisory Services LLC Grows Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Nicolet Advisory Services LLC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,513 shares of the financial services provider’s stock after buying an additional 160 shares during the period. Nicolet Advisory Services LLC’s holdings in Kinsale Capital Group were worth $704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KNSL. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kinsale Capital Group by 5.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,982 shares of the financial services provider’s stock worth $1,854,000 after purchasing an additional 223 shares during the last quarter. Captrust Financial Advisors raised its stake in Kinsale Capital Group by 2.3% in the third quarter. Captrust Financial Advisors now owns 2,643 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 59 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Kinsale Capital Group by 451.2% during the 3rd quarter. Verition Fund Management LLC now owns 3,952 shares of the financial services provider’s stock worth $1,840,000 after buying an additional 3,235 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Kinsale Capital Group by 236.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 898 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 631 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Kinsale Capital Group in the 3rd quarter valued at about $1,074,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

KNSL has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial boosted 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 reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley reduced their price target 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. dropped their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $497.85 on Friday. 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, Inc. has a one year low of $355.12 and a one year high of $531.79. The company has a 50-day simple moving average of $456.69 and a 200-day simple moving average of $461.84. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS 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 firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. On average, analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) 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.