Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Emerald Advisers LLC

Emerald Advisers LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,706 shares of the financial services provider’s stock after purchasing an additional 180 shares during the quarter. Emerald Advisers LLC’s holdings in Kinsale Capital Group were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of 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 during the period. LPL Financial LLC raised its position in shares of Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after acquiring an additional 4,644 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $2,093,000. Sei Investments Co. raised its position in shares of Kinsale Capital Group by 4.1% during the 4th quarter. Sei Investments Co. now owns 91,042 shares of the financial services provider’s stock worth $42,351,000 after acquiring an additional 3,620 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Kinsale Capital Group by 8.8% during the 4th quarter. American Century Companies Inc. now owns 154,168 shares of the financial services provider’s stock worth $71,709,000 after acquiring an additional 12,490 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 2.7 %

NYSE:KNSL opened at $471.37 on Monday. The firm has a market cap of $10.97 billion, a P/E ratio of 26.50, a PEG ratio of 1.66 and a beta of 1.25. 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 stock’s 50 day simple moving average is $447.17 and its 200-day simple moving average is $460.26. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate 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. Stockholders of record on Thursday, February 27th were issued a $0.17 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is presently 3.82%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KNSL. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report 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. Morgan Stanley cut their target price 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. Finally, Truist Financial lifted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report 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.com, the company presently 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.