Brevan Howard Capital Management LP Acquires Shares of 1,885 Kinsale Capital Group, Inc. (NYSE:KNSL)

Brevan Howard Capital Management LP purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,885 shares of the financial services provider's stock, valued at approximately $877,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. LPL Financial LLC boosted its stake in Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after acquiring an additional 4,644 shares in the last quarter. California Public Employees Retirement System increased its holdings 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 buying an additional 4,146 shares during the last quarter. Empowered Funds LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth about $1,071,000. Charles Schwab Investment Management Inc. increased its stake in shares of Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock worth $70,907,000 after purchasing an additional 3,970 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $1,736,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on KNSL. 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. Truist Financial cut their price objective 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. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective 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. Finally, Morgan Stanley cut their price objective 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. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $470.00.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded up $2.62 during mid-day trading on Monday, hitting $456.70. 114,635 shares of the company traded hands, compared to its average volume of 169,884. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 25.67, 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 stock has a fifty day moving average price of $463.50 and a 200-day moving average price of $461.49.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping 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 company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same period in the previous year, the firm earned $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. This is a boost 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 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group's payout ratio is presently 3.91%.

Kinsale Capital Group Company 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.