Zions Bancorporation N.A. Buys 1,087 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Zions Bancorporation N.A. raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,438 shares of the financial services provider’s stock after acquiring an additional 1,087 shares during the period. Zions Bancorporation N.A.’s holdings in Kinsale Capital Group were worth $2,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC raised its holdings in shares of Kinsale Capital Group by 7,400.0% in the fourth 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 during the period. Allworth Financial LP lifted 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 acquiring an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 2.5 %

NYSE:KNSL opened at $481.98 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a 50-day simple moving average of $448.46 and a 200-day simple moving average of $460.38. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The firm has a market cap of $11.22 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Equities analysts anticipate 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. Investors of record on Thursday, February 27th were paid a dividend of $0.17 per share. This is a boost 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%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is 3.82%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note 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 on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $468.56.

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.