Kinsale Capital Group, Inc. (NYSE:KNSL) Stake Boosted by Xponance Inc.

Xponance Inc. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,466 shares of the financial services provider’s stock after acquiring an additional 105 shares during the period. Xponance Inc.’s holdings in Kinsale Capital Group were worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KNSL. Quest Partners LLC purchased a new position in shares of Kinsale Capital Group during the 3rd quarter valued at $762,000. Pathstone Holdings LLC lifted its stake in shares of Kinsale Capital Group by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 19,668 shares of the financial services provider’s stock valued at $9,157,000 after purchasing an additional 294 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 37 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Kinsale Capital Group by 7,392.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Kinsale Capital Group by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 9,515 shares of the financial services provider’s stock valued at $4,430,000 after purchasing an additional 173 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $471.37 on Friday. The firm’s 50-day moving average is $447.17 and its 200-day moving average is $460.46. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84. 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 company has a market cap of $10.97 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current 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 issued a dividend of $0.17 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group’s payout ratio is presently 3.82%.

Analysts Set New Price Targets

Several research firms recently issued reports on KNSL. Morgan Stanley reduced their price objective on shares of 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced 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 note on Friday, January 3rd. Truist Financial boosted 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 report on Tuesday, February 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target of $468.56.

About Kinsale Capital Group

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.