Huntington National Bank Has $221,000 Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Huntington National Bank boosted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 49.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475 shares of the financial services provider’s stock after purchasing an additional 157 shares during the period. Huntington National Bank’s holdings in Kinsale Capital Group were worth $221,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC raised its position in Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 74 shares during the last quarter. Allworth Financial LP lifted its holdings in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Kinsale Capital Group in the 4th quarter valued at $46,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $459.89 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $531.79. The firm has a fifty day moving average of $457.25 and a 200-day moving average of $461.93. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results 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. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley cut their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Truist Financial lifted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight 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, the stock has a consensus rating of “Hold” and a consensus target price 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.