Turtle Creek Asset Management Inc. Sells 16,526 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Turtle Creek Asset Management Inc. reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,823 shares of the financial services provider's stock after selling 16,526 shares during the quarter. Kinsale Capital Group accounts for approximately 3.0% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 20th largest holding. Turtle Creek Asset Management Inc. owned 1.05% of Kinsale Capital Group worth $113,875,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group during the 4th quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group during the 4th quarter valued at $31,000. Larson Financial Group LLC raised its position in shares of Kinsale Capital Group by 7,400.0% during the 4th 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 raised its holdings in Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $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 valued at $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

KNSL traded up $10.39 during trading on Friday, hitting $463.54. The stock had a trading volume of 56,139 shares, compared to its average volume of 170,616. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. 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 firm has a market cap of $10.81 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.66 and a beta of 1.29. The company has a 50 day moving average price of $465.55 and a 200-day moving average price of $462.80.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial decreased their price objective on 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. 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 report on Monday, April 28th. Morgan Stanley boosted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and a consensus target price of $484.57.

About Kinsale Capital Group

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.