Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Holdings Boosted by Northern Trust Corp

Northern Trust Corp boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,616 shares of the financial services provider's stock after buying an additional 31,094 shares during the period. Northern Trust Corp owned approximately 0.93% of Kinsale Capital Group worth $100,755,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after acquiring an additional 21 shares during the period. Ballentine Partners LLC raised its stake in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock worth $267,000 after buying an additional 25 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after buying an additional 25 shares during the period. Caprock Group LLC grew its holdings in Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after acquiring an additional 28 shares during the period. Finally, Fielder Capital Group LLC grew its stake in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after purchasing an additional 31 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on KNSL. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. dropped 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 report on Monday, April 28th. Morgan Stanley dropped their price objective on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. 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 note on Tuesday, February 18th. Finally, Truist Financial dropped their price target 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. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $470.00.

Kinsale Capital Group Stock Up 0.5 %

KNSL traded up $2.52 on Wednesday, reaching $460.77. The company's stock had a trading volume of 193,224 shares, compared to its average volume of 171,531. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The business's 50 day moving average is $461.99 and its 200 day moving average is $461.56. 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 stock has a market cap of $10.74 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share 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 business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same quarter last year, the company earned $3.50 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.17 dividend. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 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.