Gotham Asset Management LLC Has $997,000 Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Gotham Asset Management LLC boosted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,144 shares of the financial services provider's stock after acquiring an additional 682 shares during the period. Gotham Asset Management LLC's holdings in Kinsale Capital Group were worth $997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Kinsale Capital Group by 34.4% in the third quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock valued at $5,480,000 after purchasing an additional 3,014 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Kinsale Capital Group by 19.1% during the fourth quarter. Park Avenue Securities LLC now owns 2,670 shares of the financial services provider's stock worth $1,242,000 after purchasing an additional 429 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $247,000. J2 Capital Management Inc bought a new position in shares of Kinsale Capital Group during the fourth quarter worth about $452,000. Finally, Diversify Wealth Management LLC grew its position in Kinsale Capital Group by 49.3% in the 4th quarter. Diversify Wealth Management LLC now owns 1,048 shares of the financial services provider's stock valued at $487,000 after buying an additional 346 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded up $10.49 during trading on Friday, reaching $463.64. The company's stock had a trading volume of 122,789 shares, compared to its average volume of 171,024. The stock has a 50-day moving average price of $465.79 and a two-hundred day moving average price of $463.04. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The stock has a market capitalization of $10.81 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same period in the previous year, the company earned $3.50 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company 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. This represents a yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is 3.91%.

Analyst Upgrades and Downgrades

KNSL has been the subject of several research reports. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley lifted their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective 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, April 28th. Truist Financial decreased their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $484.57.

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.