First Trust Advisors LP Grows Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

First Trust Advisors LP increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,315 shares of the financial services provider's stock after purchasing an additional 993 shares during the quarter. First Trust Advisors LP owned 0.09% of Kinsale Capital Group worth $9,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new position in Kinsale Capital Group in the 4th quarter valued at $31,000. Larson Financial Group LLC increased its stake in 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 worth $35,000 after purchasing an additional 74 shares during the period. Allworth Financial LP lifted its position in shares of 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 during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group during 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 Up 4.9 %

KNSL traded up $20.80 on Friday, hitting $447.26. The company had a trading volume of 191,900 shares, compared to its average volume of 172,018. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day moving average price of $460.63 and a 200-day moving average price of $461.87. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79.

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 for the quarter, compared to the consensus estimate of $425.73 million. During the same quarter in the previous year, the firm earned $3.50 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.91%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed 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. Truist Financial decreased their price target on shares of 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. Morgan Stanley lowered their price target on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of "Hold" and a consensus price target of $470.00.

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.