Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 322,438 shares of the financial services provider’s stock after selling 19,671 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Kinsale Capital Group were worth $149,976,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several research firms recently issued reports on KNSL. Royal Bank of Canada reiterated 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. JPMorgan Chase & Co. decreased their price objective on shares of 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. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial increased 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. Finally, BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Trading Up 0.2 %

Shares of KNSL opened at $451.85 on Thursday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84. The stock has a market cap of $10.52 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The firm’s fifty day moving average is $445.33 and its two-hundred day moving average is $460.60. 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 (NYSE:KNSL) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.82%.

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.