Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,731 shares of the financial services provider's stock after purchasing an additional 5,396 shares during the quarter. Baird Financial Group Inc. owned 0.66% of Kinsale Capital Group worth $71,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew 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 valued at $93,000 after acquiring an additional 21 shares in the last quarter. Ballentine Partners LLC grew its stake in Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 25 shares in the last quarter. Coldstream Capital Management Inc. raised its position 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 purchasing an additional 25 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after buying an additional 28 shares during the last quarter. Finally, Fielder Capital Group LLC grew its position in shares of Kinsale Capital Group by 5.5% during the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after buying an additional 31 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on KNSL. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Truist Financial decreased their target price 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. Finally, Morgan Stanley dropped their price target on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $470.00.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $447.26 on Monday. The firm has a fifty day moving average of $460.63 and a 200-day moving average of $461.71. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. 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. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.17 dividend. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio is presently 3.91%.

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.

Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.