Dynamic Technology Lab Private Ltd Invests $428,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 920 shares of the financial services provider’s stock, valued at approximately $428,000.

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reiterated 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. Truist Financial upped their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley cut their price objective on 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. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Trading Down 0.8 %

KNSL stock opened at $437.12 on Wednesday. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 24.57, a PEG 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, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The business has a 50 day simple moving average of $456.94 and a two-hundred day simple moving average of $461.63.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.17 dividend. 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 0.16%. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group’s payout ratio is currently 3.82%.

Kinsale Capital Group 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.