California Public Employees Retirement System Purchases 4,146 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

California Public Employees Retirement System boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,341 shares of the financial services provider’s stock after buying an additional 4,146 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Kinsale Capital Group worth $18,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $3,746,000. Orion Portfolio Solutions LLC lifted its holdings in Kinsale Capital Group by 7.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,964 shares of the financial services provider’s stock worth $2,774,000 after buying an additional 432 shares during the period. Premier Fund Managers Ltd grew its position in shares of Kinsale Capital Group by 20,286.0% in the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider’s stock worth $48,813,000 after buying an additional 104,270 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Kinsale Capital Group by 4.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,017 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 132 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Kinsale Capital Group by 169.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,563 shares of the financial services provider’s stock valued at $727,000 after acquiring an additional 984 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KNSL shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced 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. Morgan Stanley decreased their target price 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. Truist Financial lifted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $459.89 on Friday. The business has a fifty day moving average price of $457.25 and a 200-day moving average price of $461.88. 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 company has a market capitalization of $10.70 billion, a PE ratio of 25.85, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79.

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

Kinsale Capital Group Increases Dividend

The firm also recently announced 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. This represents a $0.68 annualized dividend and a yield of 0.15%. This is an increase 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 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.