Tower Research Capital LLC TRC Has $1.29 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Tower Research Capital LLC TRC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 315.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,767 shares of the financial services provider's stock after buying an additional 2,101 shares during the period. Tower Research Capital LLC TRC's holdings in Kinsale Capital Group were worth $1,287,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. decreased 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 report on Monday. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial decreased their target price on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Monday. Finally, Morgan Stanley dropped 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 research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $464.44.

Kinsale Capital Group Trading Up 0.6 %

NYSE KNSL traded up $2.36 on Tuesday, hitting $426.55. 34,693 shares of the company were exchanged, compared to its average volume of 175,741. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The company's 50 day moving average price is $460.12 and its 200-day moving average price is $462.69. The firm has a market capitalization of $9.93 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. 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 (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same quarter in the prior year, the firm earned $3.50 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.16%. Kinsale Capital Group's payout ratio is currently 3.91%.

About Kinsale Capital Group

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.