Dimensional Fund Advisors LP Buys 4,380 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Dimensional Fund Advisors LP increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,904 shares of the financial services provider's stock after buying an additional 4,380 shares during the period. Dimensional Fund Advisors LP owned 0.85% of Kinsale Capital Group worth $92,519,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. boosted its stake in Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after purchasing an additional 21 shares during the period. Ballentine Partners LLC grew its stake in Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after acquiring an additional 25 shares in the last quarter. Caprock Group LLC increased its holdings in Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after acquiring an additional 28 shares during the period. Fielder Capital Group LLC lifted its stake in Kinsale Capital Group by 5.5% in the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after purchasing an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 4.9 %

KNSL stock traded up $20.80 during midday trading on Friday, hitting $447.26. The company had a trading volume of 191,900 shares, compared to its average volume of 172,293. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is $460.12 and its 200 day moving average price is $462.00.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 EPS. As a group, equities research analysts expect 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 $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KNSL. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley cut their price target on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Truist Financial dropped 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 report on Monday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average price target of $470.00.

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.