Los Angeles Capital Management LLC Grows Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Los Angeles Capital Management LLC raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,938 shares of the financial services provider’s stock after purchasing an additional 6,900 shares during the quarter. Los Angeles Capital Management LLC owned about 0.10% of Kinsale Capital Group worth $11,134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Kinsale Capital Group by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider’s stock valued at $85,279,000 after acquiring an additional 5,213 shares during the period. Blackhawk Capital Partners LLC. lifted its position in Kinsale Capital Group by 12.0% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 4,174 shares of the financial services provider’s stock worth $1,941,000 after acquiring an additional 447 shares during the period. Synergy Financial Group LTD grew its stake in Kinsale Capital Group by 2.1% during the 4th quarter. Synergy Financial Group LTD now owns 2,499 shares of the financial services provider’s stock valued at $1,162,000 after purchasing an additional 51 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Kinsale Capital Group by 812.7% in the fourth quarter. IFP Advisors Inc now owns 2,291 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 2,040 shares during the period. Finally, Transcend Capital Advisors LLC acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at about $296,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 1.4 %

KNSL opened at $417.31 on Thursday. The company has a fifty day moving average of $448.75 and a two-hundred day moving average of $464.58. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. 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 (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.17 dividend. The ex-dividend date is Thursday, February 27th. This is a boost 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 0.16%. Kinsale Capital Group’s payout ratio is 3.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KNSL shares. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Truist Financial increased their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, BMO Capital Markets upped 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 report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $468.56.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

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.