Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 192,303 shares of the financial services provider’s stock after selling 5,889 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Kinsale Capital Group were worth $89,446,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley reduced their price objective 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. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their target price on 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. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $482.17 on Monday. The firm has a market cap of $11.22 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. 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 52 week low of $355.12 and a 52 week high of $531.79. The business’s fifty day simple moving average is $452.38 and its 200-day simple moving average is $461.01.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.17 per share. 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 boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. 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.