Ameriprise Financial Inc. Boosts Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Ameriprise Financial Inc. raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 105.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,253 shares of the financial services provider's stock after acquiring an additional 45,896 shares during the quarter. Ameriprise Financial Inc. owned 0.38% of Kinsale Capital Group worth $41,509,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its position in 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 grew its position 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 buying an additional 25 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of 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 worth $683,000 after buying an additional 25 shares in the last quarter. Caprock Group LLC grew its position in shares of Kinsale Capital Group by 1.7% during 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 in the last quarter. Finally, Fielder Capital Group LLC grew its position 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. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Kinsale Capital Group Stock Down 0.7%

KNSL stock opened at $454.46 on Monday. 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 1-year low of $366.92 and a 1-year high of $531.79. The firm has a fifty day moving average price of $463.50 and a two-hundred day moving average price of $461.49. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company 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. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group's 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.

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