Regal Investment Advisors LLC Buys Shares of 4,939 Kinsale Capital Group, Inc. (NYSE:KNSL)

Regal Investment Advisors LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,939 shares of the financial services provider's stock, valued at approximately $2,297,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC raised its holdings in shares of Kinsale Capital Group by 31.4% in the 4th quarter. United Capital Financial Advisors LLC now owns 33,360 shares of the financial services provider's stock worth $15,517,000 after purchasing an additional 7,969 shares in the last quarter. Jump Financial LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at $3,454,000. Mariner LLC lifted its position in shares of Kinsale Capital Group by 3.6% during the 4th quarter. Mariner LLC now owns 3,143 shares of the financial services provider's stock valued at $1,462,000 after acquiring an additional 110 shares during the last quarter. Barclays PLC boosted its stake in shares of Kinsale Capital Group by 58.2% during the 4th quarter. Barclays PLC now owns 18,629 shares of the financial services provider's stock worth $8,666,000 after acquiring an additional 6,857 shares in the last quarter. Finally, Giverny Capital Inc. grew its holdings in shares of Kinsale Capital Group by 5.1% in the 4th quarter. Giverny Capital Inc. now owns 90,759 shares of the financial services provider's stock worth $42,215,000 after acquiring an additional 4,444 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNSL has been the subject of a number of recent analyst reports. 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 report on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group Stock Down 1.5 %

Shares of NYSE KNSL traded down $7.40 during mid-day trading on Monday, reaching $478.30. The company had a trading volume of 18,514 shares, compared to its average volume of 174,615. 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 twelve month low of $355.12 and a twelve month high of $531.79. The stock's 50 day moving average is $459.06 and its 200-day moving average is $462.75. The stock has a market capitalization of $11.13 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share 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. Shareholders of record on Thursday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group's payout ratio is 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.