Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,441 shares of the financial services provider's stock after buying an additional 1,006 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Kinsale Capital Group worth $6,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $31,000. Larson Financial Group LLC raised its holdings in Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares during the last quarter. Allworth Financial LP lifted its stake in Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $46,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Price Performance

KNSL stock traded up $10.06 during trading on Monday, hitting $430.05. The stock had a trading volume of 120,923 shares, compared to its average volume of 175,139. The company's 50 day moving average price is $460.47 and its two-hundred day moving average price is $463.01. 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 market cap of $10.01 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.56. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, sell-side 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 issued a $0.17 dividend. 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 0.16%. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's payout ratio is currently 3.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KNSL. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday. Morgan Stanley cut their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report 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 report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $464.44.

Kinsale Capital Group Company 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.