Schonfeld Strategic Advisors LLC Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,885 shares of the financial services provider's stock, valued at approximately $877,000.

Several other institutional investors have also bought and sold shares of the stock. Lido Advisors LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at $209,000. Northern Trust Corp raised its position in Kinsale Capital Group by 16.8% in the fourth quarter. Northern Trust Corp now owns 216,616 shares of the financial services provider's stock worth $100,755,000 after acquiring an additional 31,094 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $1,326,000. Coldstream Capital Management Inc. grew its stake in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock worth $683,000 after purchasing an additional 25 shares during the last quarter. Finally, Two Sigma Securities LLC raised its holdings in shares of Kinsale Capital Group by 829.0% in the 4th quarter. Two Sigma Securities LLC now owns 729 shares of the financial services provider's stock worth $339,000 after purchasing an additional 829 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 0.7 %

Shares of NYSE:KNSL traded down $3.19 during midday trading on Friday, hitting $454.46. 102,209 shares of the stock were exchanged, compared to its average volume of 170,106. The business's fifty day simple moving average is $463.50 and its two-hundred day simple moving average is $461.47. 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 52-week low of $366.92 and a 52-week high of $531.79. The company has a market capitalization of $10.59 billion, a PE ratio of 25.55, a P/E/G ratio of 1.66 and a beta of 1.29.

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 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. 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 prior year, the company posted $3.50 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.15%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's payout ratio is currently 3.91%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KNSL. Truist Financial decreased their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Morgan Stanley cut their target price on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and a consensus target price 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.