Quantbot Technologies LP Acquires Shares of 3,971 Kinsale Capital Group, Inc. (NYSE:KNSL)

Quantbot Technologies LP acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,971 shares of the financial services provider’s stock, valued at approximately $1,847,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC lifted its stake in Kinsale Capital Group by 7,400.0% during the 4th 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 during the period. Allworth Financial LP lifted its stake 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 valued at $39,000 after acquiring an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $46,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $471.37 on Monday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $536.84. The stock has a market capitalization of $10.97 billion, a PE ratio of 26.50, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a fifty day moving average of $447.17 and a two-hundred day moving average of $460.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

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, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. 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%. Kinsale Capital Group’s dividend payout ratio is presently 3.82%.

Analysts Set New Price Targets

KNSL has been the subject of several analyst reports. Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Morgan Stanley decreased their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and a consensus target price of $468.56.

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.