Stifel Financial Corp Buys 1,485 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Stifel Financial Corp lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,245 shares of the financial services provider's stock after purchasing an additional 1,485 shares during the quarter. Stifel Financial Corp owned 0.08% of Kinsale Capital Group worth $8,486,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its position in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 21 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 25 shares during the last quarter. Caprock Group LLC raised its position in Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after purchasing an additional 28 shares during the period. Fielder Capital Group LLC lifted its stake in Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after purchasing an additional 31 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after purchasing an additional 36 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 4.9 %

KNSL stock traded up $20.80 during trading on Friday, reaching $447.26. The company had a trading volume of 191,900 shares, compared to its average volume of 171,872. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick 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 business has a 50 day moving average of $460.63 and a 200 day moving average of $461.80. The company has a market cap of $10.41 billion, a P/E ratio of 25.14, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating 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 company had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. During the same quarter last year, the business posted $3.50 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Stockholders of record on Thursday, February 27th were given a $0.17 dividend. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio is currently 3.91%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KNSL shares. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial cut their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $470.00.

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.