Cerity Partners LLC Purchases 4,340 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cerity Partners LLC lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 68.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,641 shares of the financial services provider's stock after purchasing an additional 4,340 shares during the period. Cerity Partners LLC's holdings in Kinsale Capital Group were worth $4,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. grew its position in shares of Kinsale Capital Group by 11.7% during the 4th 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 during the period. Ballentine Partners LLC increased its position in Kinsale Capital Group by 4.6% in 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. Caprock Group LLC raised its stake in shares of Kinsale Capital Group by 1.7% in 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 during the period. Fielder Capital Group LLC lifted its position in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after buying an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KNSL. Truist Financial upped their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Eight 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 price target of $468.56.

Kinsale Capital Group Trading Up 0.7 %

Shares of NYSE:KNSL traded up $3.36 during trading on Friday, hitting $487.01. The company had a trading volume of 88,133 shares, compared to its average volume of 175,063. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a fifty day simple moving average of $458.88 and a two-hundred day simple moving average of $462.87. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is 3.82%.

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.