Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,240 shares of the financial services provider's stock after purchasing an additional 4,986 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Kinsale Capital Group worth $33,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Kinsale Capital Group by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock worth $983,137,000 after purchasing an additional 29,553 shares during the period. Geode Capital Management LLC lifted its holdings in Kinsale Capital Group by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after acquiring an additional 16,246 shares during the period. DAVENPORT & Co LLC lifted its holdings in Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock valued at $238,193,000 after acquiring an additional 44,931 shares during the period. JPMorgan Chase & Co. lifted its holdings in Kinsale Capital Group by 6.0% in the fourth quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock valued at $153,305,000 after acquiring an additional 18,661 shares during the period. Finally, DF Dent & Co. Inc. lifted its holdings in Kinsale Capital Group by 8.4% in the fourth quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider's stock valued at $114,218,000 after acquiring an additional 18,946 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Truist Financial decreased their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday, April 28th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, Morgan Stanley boosted their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $484.57.

Kinsale Capital Group Trading Down 0.5%

NYSE:KNSL traded down $2.25 during trading hours on Thursday, hitting $466.76. The company had a trading volume of 116,502 shares, compared to its average volume of 170,539. 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 50-day moving average of $466.28 and a 200 day moving average of $463.39. The company has a market cap of $10.88 billion, a P/E ratio of 26.24, 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 announced its quarterly 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. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same quarter in the prior year, the company posted $3.50 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company 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. This represents a yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.91%.

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.