Man Group plc Has $14.52 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Man Group plc cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 37.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,222 shares of the financial services provider's stock after selling 18,648 shares during the period. Man Group plc owned about 0.13% of Kinsale Capital Group worth $14,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $31,000. Larson Financial Group LLC increased its holdings in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after buying an additional 74 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $46,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Trading Up 2.1%

Shares of Kinsale Capital Group stock traded up $9.67 on Friday, hitting $462.82. 44,174 shares of the company's stock traded hands, compared to its average volume of 170,568. The company has a fifty day moving average of $465.55 and a two-hundred day moving average of $462.80. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 EPS. As a group, sell-side analysts expect 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 announced a dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a dividend of $0.17 per share. This represents a yield of 0.15%. The ex-dividend date is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is presently 3.91%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KNSL. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Morgan Stanley raised 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. Finally, Truist Financial decreased their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $484.57.

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.