Bennett Selby Investments LP Has $1.38 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bennett Selby Investments LP raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 49.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,836 shares of the financial services provider's stock after buying an additional 933 shares during the period. Bennett Selby Investments LP's holdings in Kinsale Capital Group were worth $1,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Kinsale Capital Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock worth $983,137,000 after buying an additional 29,553 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock worth $254,441,000 after buying an additional 16,246 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Kinsale Capital Group by 6.0% during the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock worth $153,305,000 after buying an additional 18,661 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Kinsale Capital Group by 59,220.7% during the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after buying an additional 308,540 shares during the period. Finally, DF Dent & Co. Inc. boosted its holdings in shares of Kinsale Capital Group by 8.4% during the 4th quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider's stock worth $114,218,000 after buying an additional 18,946 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on KNSL. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a 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 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. Finally, JPMorgan Chase & Co. dropped their target price 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $484.57.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $476.62 on Friday. The company's 50 day moving average is $464.47 and its 200-day moving average is $463.32. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.11 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20.

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, beating 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 during the quarter, compared to analysts' expectations of $425.73 million. During the same quarter in the previous year, the company earned $3.50 earnings per share. Kinsale Capital Group's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.