Burney Co. Invests $2.08 Million in Kinsale Capital Group, Inc. $KNSL

Key Points

• Burney Co. purchased a new position of 5,315 shares of Kinsale (NYSE:KNSL) in Q4, valued at approximately $2.08 million.
• Kinsale beat estimates with $5.81 EPS (by $0.51) and $483.3M in revenue for the quarter, reporting a 25.45% return on equity and a 26.87% net margin.
• The company raised its quarterly dividend to $0.25 (annualized $1.00, 0.3% yield) while analysts remain mixed — consensus rating Hold with an average price target of $405.45.

Burney Co. purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,315 shares of the financial services provider's stock, valued at approximately $2,079,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $25,000. eCIO Inc. purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $29,000. Johnson Financial Group Inc. boosted its stake in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider's stock worth $32,000 after buying an additional 54 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Kinsale Capital Group in the 3rd quarter worth $33,000. Finally, Larson Financial Group LLC boosted its stake in shares of Kinsale Capital Group by 225.0% in the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider's stock worth $33,000 after buying an additional 54 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $357.82 on Tuesday. Kinsale Capital Group, Inc. has a one year low of $321.97 and a one year high of $512.76. The stock's fifty day moving average is $365.90 and its 200 day moving average is $391.30. The stock has a market cap of $8.28 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.08 and a current ratio of 0.08.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, February 12th. The financial services provider reported $5.81 EPS for the quarter, topping analysts' consensus estimates of $5.30 by $0.51. Kinsale Capital Group had a return on equity of 25.45% and a net margin of 26.87%.The company had revenue of $483.27 million for the quarter, compared to analysts' expectations of $467.66 million. During the same period last year, the firm earned $4.62 EPS. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.25 per share. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, February 26th. Kinsale Capital Group's payout ratio is 4.61%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Kinsale Capital Group in a research note on Friday, March 27th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Jefferies Financial Group cut Kinsale Capital Group from a "hold" rating to an "underperform" rating and decreased their target price for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. Truist Financial decreased their target price on Kinsale Capital Group from $510.00 to $450.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $450.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $405.45.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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