California State Teachers Retirement System Has $9.62 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

California State Teachers Retirement System lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,692 shares of the financial services provider’s stock after selling 230 shares during the period. California State Teachers Retirement System’s holdings in Kinsale Capital Group were worth $9,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kinsale Capital Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock valued at $983,137,000 after buying an additional 29,553 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Kinsale Capital Group by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider’s stock valued at $254,441,000 after acquiring an additional 16,246 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after acquiring an additional 44,931 shares in the last quarter. JPMorgan Chase & Co. increased its position in Kinsale Capital Group by 6.0% during the fourth quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider’s stock worth $153,305,000 after acquiring an additional 18,661 shares during the period. Finally, DF Dent & Co. Inc. raised its stake in Kinsale Capital Group by 8.4% in the 4th quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider’s stock worth $114,218,000 after purchasing an additional 18,946 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on KNSL. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Truist Financial cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Morgan Stanley increased their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $484.57.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $471.60 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $10.99 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a 50 day moving average of $465.70 and a 200-day moving average of $463.32. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.91%.

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.