Algert Global LLC Purchases 3,936 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Algert Global LLC raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 33.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,537 shares of the financial services provider's stock after purchasing an additional 3,936 shares during the quarter. Algert Global LLC owned 0.07% of Kinsale Capital Group worth $7,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in Kinsale Capital Group by 11.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after acquiring an additional 21 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Kinsale Capital Group by 4.6% during 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 period. Coldstream Capital Management Inc. grew its position in Kinsale Capital Group by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC increased its stake in Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after buying an additional 28 shares during the period. Finally, Fielder Capital Group LLC lifted its position in Kinsale Capital Group by 5.5% in the 4th 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. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley lowered their price objective on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $470.00.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL traded down $3.19 on Friday, hitting $454.46. The stock had a trading volume of 102,209 shares, compared to its average volume of 170,106. Kinsale Capital Group, Inc. has a twelve month low of $366.92 and a twelve month high of $531.79. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The firm's 50 day moving average price is $463.50 and its 200-day moving average price is $461.47. 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 - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period in the prior year, the company earned $3.50 EPS. Kinsale Capital Group's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict 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 declared 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. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.15%. Kinsale Capital Group's dividend payout ratio is 3.91%.

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.