WINTON GROUP Ltd Sells 883 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

WINTON GROUP Ltd cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 39.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,338 shares of the financial services provider’s stock after selling 883 shares during the period. WINTON GROUP Ltd’s holdings in Kinsale Capital Group were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $31,000. Larson Financial Group LLC raised its stake in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 74 shares during the last quarter. Allworth Financial LP lifted its position 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 worth $39,000 after purchasing an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $46,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped 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 research report on Friday, January 3rd. Truist Financial upped their price target 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. Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. 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, JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Stock Down 0.9 %

Shares of NYSE KNSL opened at $482.17 on Friday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $531.79. 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 stock has a market cap of $11.22 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.66 and a beta of 1.25. The firm has a 50 day moving average price of $452.38 and a 200 day moving average price of $460.96.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data 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 business 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%. Analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 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.