Invesco Ltd. Reduces Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Invesco Ltd. lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,328 shares of the financial services provider's stock after selling 58,968 shares during the quarter. Invesco Ltd. owned 1.51% of Kinsale Capital Group worth $163,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Kinsale Capital Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after buying an additional 29,553 shares during the period. Geode Capital Management LLC grew its stake in shares of Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after purchasing an additional 16,246 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Kinsale Capital Group by 9.6% in the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock worth $238,193,000 after purchasing an additional 44,931 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $153,305,000 after buying an additional 18,661 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its position in Kinsale Capital Group by 8.4% during 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 buying an additional 18,946 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KNSL shares. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial raised their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley lowered their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL traded up $3.36 during mid-day trading on Friday, reaching $487.01. The stock had a trading volume of 88,133 shares, compared to its average volume of 175,063. The business's 50 day moving average price is $458.88 and its 200 day moving average price is $462.87. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $531.79. The company has a market cap of $11.34 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared 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 of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.14%. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.82%.

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.