Bamco Inc. NY Has $803.10 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bamco Inc. NY reduced its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,726,604 shares of the financial services provider's stock after selling 18,811 shares during the quarter. Kinsale Capital Group accounts for approximately 2.1% of Bamco Inc. NY's investment portfolio, making the stock its 11th largest holding. Bamco Inc. NY owned approximately 7.41% of Kinsale Capital Group worth $803,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KNSL. LPL Financial LLC raised its stake in shares of Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after buying an additional 4,644 shares during the period. California Public Employees Retirement System raised its stake in Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after purchasing an additional 4,146 shares during the period. Empowered Funds LLC purchased a new position in Kinsale Capital Group in the fourth quarter worth approximately $1,071,000. Charles Schwab Investment Management Inc. raised its holdings in Kinsale Capital Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after buying an additional 3,970 shares during the period. Finally, Argent Capital Management LLC acquired a new stake in Kinsale Capital Group in the 4th quarter valued at approximately $1,736,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Down 0.6 %

KNSL stock traded down $2.63 during trading hours on Friday, hitting $455.02. The company's stock had a trading volume of 58,279 shares, compared to its average volume of 170,207. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $10.61 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The stock has a 50 day moving average price of $463.09 and a two-hundred day moving average price of $461.48. 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 released its quarterly earnings data 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 net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same period last year, the firm earned $3.50 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect 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. Shareholders 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 represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is currently 3.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KNSL. JPMorgan Chase & Co. lowered their price objective on 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. Truist Financial cut their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada restated 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. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Morgan Stanley cut their price target on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus price target of $470.00.

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.