Barclays PLC Has $8.67 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Barclays PLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 58.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,629 shares of the financial services provider's stock after buying an additional 6,857 shares during the quarter. Barclays PLC owned about 0.08% of Kinsale Capital Group worth $8,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of KNSL. Norges Bank bought a new position in Kinsale Capital Group during the 4th quarter valued at $89,200,000. Alliancebernstein L.P. increased its holdings in Kinsale Capital Group by 486.3% in the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock valued at $99,559,000 after buying an additional 177,540 shares during the last quarter. Premier Fund Managers Ltd grew its position in shares of Kinsale Capital Group by 20,286.0% in the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after acquiring an additional 104,270 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Kinsale Capital Group by 1,119.0% in the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock valued at $32,885,000 after acquiring an additional 64,900 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at approximately $22,933,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday. Truist Financial cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Royal Bank of Canada restated 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. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $464.44.

Kinsale Capital Group Trading Up 0.1 %

KNSL stock traded up $0.34 during midday trading on Tuesday, reaching $424.53. The company's stock had a trading volume of 24,165 shares, compared to its average volume of 175,703. The stock has a market cap of $9.88 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $531.79. The business's 50-day simple moving average is $460.12 and its 200-day simple moving average is $462.69. 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 (NYSE:KNSL - Get Free Report) last issued 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 business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period last year, the business posted $3.50 earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.16%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is presently 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.