Farther Finance Advisors LLC Raises Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Farther Finance Advisors LLC lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,115 shares of the financial services provider’s stock after purchasing an additional 143 shares during the period. Farther Finance Advisors LLC’s holdings in Kinsale Capital Group were worth $519,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its holdings in Kinsale Capital Group by 1,119.0% in the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider’s stock worth $32,885,000 after buying an additional 64,900 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Kinsale Capital Group by 65.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock worth $69,471,000 after buying an additional 58,971 shares during the period. Proficio Capital Partners LLC bought a new position in Kinsale Capital Group in the 4th quarter worth approximately $22,933,000. DAVENPORT & Co LLC boosted its holdings in Kinsale Capital Group by 9.6% in the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after buying an additional 44,931 shares during the period. Finally, Erste Asset Management GmbH bought a new position in Kinsale Capital Group in the 3rd quarter worth approximately $18,599,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KNSL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Truist Financial boosted their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets boosted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Finally, JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL opened at $455.32 on Monday. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a 50-day moving average price of $443.43 and a 200-day moving average price of $461.14. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is 3.82%.

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.