Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,938 shares of the financial services provider’s stock after selling 8,797 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.06% of Kinsale Capital Group worth $6,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group during the 4th quarter worth $31,000. Larson Financial Group LLC grew its holdings 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 worth $35,000 after buying an additional 74 shares in the last quarter. Allworth Financial LP raised its position in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after buying an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $480.70 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $11.19 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.66 and a beta of 1.25. The firm’s 50 day moving average price is $450.50 and its 200-day moving average price is $460.69. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $534.67.

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. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. As a group, equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio is 3.82%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KNSL. 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. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley dropped their target price on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $468.56.

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.