Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,776 shares of the financial services provider's stock after purchasing an additional 1,459 shares during the period. Townsquare Capital LLC's holdings in Kinsale Capital Group were worth $3,617,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. purchased a new position in Kinsale Capital Group during the third quarter worth about $270,000. Barclays PLC raised its position in shares of Kinsale Capital Group by 34.4% during the 3rd quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock valued at $5,480,000 after buying an additional 3,014 shares during the period. Sanctuary Advisors LLC lifted its holdings in Kinsale Capital Group by 34.8% in the third quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider's stock valued at $863,000 after acquiring an additional 447 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Kinsale Capital Group in the third quarter worth approximately $398,000. Finally, Franklin Resources Inc. increased its stake in Kinsale Capital Group by 14.3% during the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock worth $45,869,000 after acquiring an additional 12,125 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Up 0.7 %

NYSE KNSL traded up $3.36 during trading on Friday, reaching $487.01. 88,133 shares of the company's stock were exchanged, compared to its average volume of 175,200. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $531.79. The stock has a market cap of $11.34 billion, a P/E ratio of 27.38, 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 quick ratio of 0.09 and a current ratio of 0.09. The company has a 50 day moving average price of $459.06 and a two-hundred day moving average price of $462.75.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. On average, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS 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 issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's payout ratio is presently 3.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial increased their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley cut their target price on 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price 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. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $468.56.

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.