Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,598 shares of the financial services provider's stock after selling 736 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Kinsale Capital Group were worth $3,534,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock valued at $9,310,000 after purchasing an additional 4,644 shares during the period. California Public Employees Retirement System increased its holdings in shares of Kinsale Capital Group by 11.8% in the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock valued at $18,299,000 after purchasing an additional 4,146 shares during the period. Empowered Funds LLC acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $1,071,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after purchasing an additional 3,970 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

KNSL traded down $5.83 during trading on Wednesday, reaching $468.16. 133,086 shares of the stock were exchanged, compared to its average volume of 170,351. The business's 50 day moving average price is $465.00 and its two-hundred day moving average price is $463.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results 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. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. As a group, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group's payout ratio is 3.91%.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Truist Financial dropped their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Morgan Stanley upped their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.