Natixis Advisors L.P. Raises Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Natixis Advisors L.P. grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,171 shares of the financial services provider's stock after acquiring an additional 2,236 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Kinsale Capital Group worth $4,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Beacon Capital Management LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Milestone Investment Advisors LLC acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $58,000. Operose Advisors LLC acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $60,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KNSL. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. BMO Capital Markets cut their price target on Kinsale Capital Group from $544.00 to $453.00 and set a "market perform" rating for the company in a report on Tuesday, April 30th. Compass Point cut their price target on Kinsale Capital Group from $490.00 to $390.00 and set a "neutral" rating for the company in a report on Monday, April 29th. Truist Financial cut their price target on Kinsale Capital Group from $600.00 to $440.00 and set a "buy" rating for the company in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $438.43.

Kinsale Capital Group Trading Down 0.2 %

Shares of NYSE KNSL traded down $0.62 during trading on Friday, reaching $380.65. The stock had a trading volume of 229,169 shares, compared to its average volume of 271,408. Kinsale Capital Group, Inc. has a fifty-two week low of $297.33 and a fifty-two week high of $548.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. The business's 50-day moving average price is $465.86 and its 200-day moving average price is $411.83. The company has a market cap of $8.86 billion, a P/E ratio of 25.29 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to analysts' expectations of $366.45 million. During the same period in the previous year, the firm posted $2.44 earnings per share. The company's revenue was up 41.7% on a year-over-year basis. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 15.03 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.16%. Kinsale Capital Group's payout ratio is presently 3.99%.

Insider Activity

In related news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares in the company, valued at $464,867.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares in the company, valued at $159,199,255.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares of the company's stock, valued at $464,867.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,778 shares of company stock valued at $4,532,422. 5.60% of the stock is currently owned by corporate insiders.

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.