Aquatic Capital Management LLC Invests $1.33 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Aquatic Capital Management LLC bought a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,851 shares of the financial services provider's stock, valued at approximately $1,326,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in Kinsale Capital Group in the fourth quarter worth $31,000. Larson Financial Group LLC lifted its position in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after purchasing an additional 74 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kinsale Capital Group in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KNSL shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley dropped their price objective on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Thursday. Truist Financial decreased their target price on 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. 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 objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kinsale Capital Group has an average rating of "Hold" and a consensus price target of $470.00.

Kinsale Capital Group Stock Up 0.6 %

KNSL stock traded up $2.60 during trading on Monday, reaching $451.40. 19,647 shares of the company traded hands, compared to its average volume of 206,720. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The business has a 50 day simple moving average of $460.63 and a 200 day simple moving average of $461.71. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $425.73 million. During the same quarter in the previous year, the firm earned $3.50 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Thursday, February 27th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.15%. 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. Kinsale Capital Group's payout ratio is 3.91%.

Kinsale Capital Group 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.