Florida Financial Advisors LLC Boosts Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Florida Financial Advisors LLC lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 530 shares of the financial services provider’s stock after buying an additional 78 shares during the period. Florida Financial Advisors LLC’s holdings in Kinsale Capital Group were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 21 shares during the period. Ballentine Partners LLC grew its holdings in shares of Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares during the last quarter. Caprock Group LLC increased its stake in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after buying an additional 28 shares during the period. Fielder Capital Group LLC raised its holdings in Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock valued at $277,000 after buying an additional 31 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after buying an additional 36 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KNSL shares. Truist Financial upped their price objective 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. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Morgan Stanley cut their price target 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, 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 report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Trading Up 0.5 %

NYSE:KNSL opened at $485.35 on Wednesday. The firm has a market capitalization of $11.30 billion, a P/E ratio of 27.28, a PEG ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The company’s 50-day simple moving average is $449.57 and its 200 day simple moving average is $460.55.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS 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. Stockholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

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.