Whittier Trust Co. Acquires 50 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Whittier Trust Co. lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 782 shares of the financial services provider’s stock after purchasing an additional 50 shares during the period. Whittier Trust Co.’s holdings in Kinsale Capital Group were worth $364,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at $31,000. Larson Financial Group LLC lifted its stake in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 74 shares during the period. Allworth Financial LP lifted its stake in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at $46,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 2.7 %

NYSE KNSL opened at $471.37 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $10.97 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The stock’s 50-day moving average is $447.17 and its 200-day moving average is $460.26.

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

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. 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 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

Analysts Set New Price Targets

KNSL has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note 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. Truist Financial increased their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, 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 note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group currently has an average 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.