Donaldson Capital Management LLC Increases Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Donaldson Capital Management LLC raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,213 shares of the financial services provider’s stock after buying an additional 625 shares during the period. Donaldson Capital Management LLC’s holdings in Kinsale Capital Group were worth $5,216,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Kinsale Capital Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock valued at $246,810,000 after acquiring an additional 29,686 shares during the period. Avior Wealth Management LLC increased its stake in shares of Kinsale Capital Group by 7,392.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 1,035 shares in the last quarter. Geneva Capital Management LLC increased its stake in shares of Kinsale Capital Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after purchasing an additional 5,207 shares in the last quarter. Swedbank AB increased its stake in shares of Kinsale Capital Group by 5.0% in the 3rd quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock worth $19,582,000 after purchasing an additional 2,010 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Kinsale Capital Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock worth $69,126,000 after purchasing an additional 3,469 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 0.6 %

Shares of Kinsale Capital Group stock opened at $449.05 on Tuesday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.66 and a beta of 1.25. The business has a 50-day moving average price of $443.66 and a 200-day moving average price of $462.13. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve 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 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. 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 company 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 dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

Insider Activity

In related news, EVP Diane D. Schnupp sold 500 shares of the 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 completion of the transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

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