Tidal Investments LLC Has $911,000 Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Tidal Investments LLC reduced its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,958 shares of the financial services provider's stock after selling 982 shares during the quarter. Tidal Investments LLC's holdings in Kinsale Capital Group were worth $911,000 as of its most recent SEC filing.

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

Kinsale Capital Group Stock Up 1.0%

KNSL stock traded up $4.60 during trading hours on Friday, hitting $471.68. The company's stock had a trading volume of 65,021 shares, compared to its average volume of 170,250. The stock has a 50 day moving average price of $465.98 and a two-hundred day moving average price of $463.32. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month high of $531.79. The company has a market capitalization of $11.00 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. During the same period in the prior year, the company posted $3.50 earnings per share. Kinsale Capital Group's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current 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 dividend of $0.17 per share. The ex-dividend date is Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's payout ratio is currently 3.91%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KNSL. Truist Financial reduced their price objective on 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 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. Morgan Stanley upped their price objective 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. Finally, 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 report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently 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.