Fielder Capital Group LLC Increases Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Fielder Capital Group LLC increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 595 shares of the financial services provider’s stock after purchasing an additional 31 shares during the quarter. Fielder Capital Group LLC’s holdings in Kinsale Capital Group were worth $277,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its position in shares of Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 25 shares during the last quarter. Caprock Group LLC grew its holdings in Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after buying an additional 28 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after buying an additional 36 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Kinsale Capital Group by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after buying an additional 37 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Kinsale Capital Group by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 39 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $428.84 on Friday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The firm’s 50 day moving average is $447.97 and its two-hundred day moving average is $464.33. The company has a market cap of $9.99 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.66 and a beta of 1.16. 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 (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is currently 3.82%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley decreased their price objective on 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. decreased their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. BMO Capital Markets raised their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, Truist Financial lifted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $468.56.

Insider Activity

In related news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

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.