Envestnet Asset Management Inc. Increases Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Envestnet Asset Management Inc. boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,406 shares of the financial services provider's stock after purchasing an additional 9,681 shares during the period. Envestnet Asset Management Inc. owned approximately 0.71% of Kinsale Capital Group worth $76,935,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $428,000. Thoroughbred Financial Services LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $262,000. DF Dent & Co. Inc. increased its holdings in Kinsale Capital Group by 8.4% during the fourth quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider's stock valued at $114,218,000 after buying an additional 18,946 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Kinsale Capital Group by 5.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,156 shares of the financial services provider's stock worth $537,000 after acquiring an additional 63 shares during the period. Finally, Nicolet Advisory Services LLC boosted its stake in shares of Kinsale Capital Group by 11.8% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,513 shares of the financial services provider's stock worth $704,000 after acquiring an additional 160 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KNSL. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley cut their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Truist Financial raised their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased 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. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $468.56.

Kinsale Capital Group Price Performance

NYSE KNSL traded up $6.32 on Monday, reaching $488.66. The company had a trading volume of 14,412 shares, compared to its average volume of 175,065. The firm's 50 day moving average price is $459.17 and its 200 day moving average price is $462.25. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $531.79. The stock has a market capitalization of $11.37 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. 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 posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The company 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 is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

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.