Rhumbline Advisers Has $32.24 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Rhumbline Advisers cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,244 shares of the financial services provider's stock after selling 848 shares during the period. Rhumbline Advisers owned approximately 0.28% of Kinsale Capital Group worth $32,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted 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 acquiring an additional 4,644 shares in the last quarter. California Public Employees Retirement System lifted its stake in Kinsale Capital Group by 11.8% during 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 last quarter. Empowered Funds LLC acquired a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $1,071,000. Charles Schwab Investment Management Inc. lifted its stake in Kinsale Capital Group by 2.7% during 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 last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $46,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Up 1.2%

KNSL stock traded up $5.71 during midday trading on Friday, reaching $476.62. The company had a trading volume of 235,237 shares, compared to its average volume of 171,763. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $11.11 billion, a P/E ratio of 26.79, a PEG ratio of 1.66 and a beta of 1.20. The company has a 50 day moving average of $464.47 and a two-hundred day moving average of $463.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its 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. 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 the consensus estimate of $425.73 million. During the same quarter in the prior year, the firm earned $3.50 EPS. The company's revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given 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 payout ratio is 3.91%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley increased 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, May 19th. Truist Financial cut their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, April 28th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. JPMorgan Chase & Co. cut 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 note on Monday, April 28th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.