National Bank of Canada FI Increases Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

National Bank of Canada FI grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,899 shares of the financial services provider’s stock after acquiring an additional 649 shares during the quarter. National Bank of Canada FI’s holdings in Kinsale Capital Group were worth $4,604,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group in the 4th quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC increased its position in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. Allworth Financial LP raised its holdings in Kinsale Capital Group by 450.0% in 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. purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $459.89 on Monday. 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 capitalization of $10.70 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The firm’s 50 day moving average price is $457.25 and its 200-day moving average price is $461.99. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Equities research 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given 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 annualized dividend and a yield of 0.15%. Kinsale Capital Group’s payout ratio is 3.82%.

Wall Street Analyst Weigh In

A number of research firms have commented on KNSL. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Morgan Stanley dropped their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on 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. Truist Financial raised their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.