William Blair Investment Management LLC Buys New Shares in Kinsale Capital Group, Inc. (NYSE:KNSL)

William Blair Investment Management LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 31,767 shares of the financial services provider’s stock, valued at approximately $14,776,000. William Blair Investment Management LLC owned about 0.14% of Kinsale Capital Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Polen Capital Management LLC lifted its stake in shares of Kinsale Capital Group by 8.0% during the 4th quarter. Polen Capital Management LLC now owns 4,517 shares of the financial services provider’s stock worth $2,101,000 after buying an additional 336 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Kinsale Capital Group by 141.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 176 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 103 shares during the last quarter. GWN Securities Inc. bought a new position in shares of Kinsale Capital Group during the fourth quarter worth approximately $222,000. Centurion Wealth Management LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth approximately $236,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Kinsale Capital Group by 1.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,250 shares of the financial services provider’s stock valued at $1,512,000 after purchasing an additional 38 shares during the period. 85.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Truist Financial boosted their price objective 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. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley dropped their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, BMO Capital Markets increased their price target on 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. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Trading Up 0.2 %

Shares of KNSL stock opened at $451.85 on Thursday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $536.84. The stock’s fifty day moving average price is $445.33 and its two-hundred day moving average price is $460.60. 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 $10.52 billion, a PE ratio of 25.40, a P/E/G ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared 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 a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group’s payout ratio is 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.