O Shaughnessy Asset Management LLC Has $477,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

O Shaughnessy Asset Management LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 29.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,026 shares of the financial services provider’s stock after purchasing an additional 236 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Kinsale Capital Group were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Norges Bank bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $89,200,000. Premier Fund Managers Ltd raised its stake in shares of Kinsale Capital Group by 20,286.0% in the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider’s stock valued at $48,813,000 after buying an additional 104,270 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Kinsale Capital Group by 1,119.0% during the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider’s stock worth $32,885,000 after acquiring an additional 64,900 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $22,933,000. Finally, DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after acquiring an additional 44,931 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KNSL. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley cut their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. lowered 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 report on Friday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, Truist Financial boosted their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Price Performance

KNSL opened at $477.42 on Friday. The company has a fifty day simple moving average of $458.69 and a 200 day simple moving average of $461.94. 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 stock has a market cap of $11.11 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, research analysts expect 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 issued a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 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.