Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Polen Capital Management LLC

Polen Capital Management LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,517 shares of the financial services provider’s stock after purchasing an additional 336 shares during the quarter. Polen Capital Management LLC’s holdings in Kinsale Capital Group were worth $2,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KNSL. State Street Corp boosted its position in Kinsale Capital Group by 1.3% in the 3rd quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock valued at $320,957,000 after buying an additional 8,954 shares during the period. Geode Capital Management LLC boosted its position in shares of Kinsale Capital Group by 5.9% in 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 purchasing an additional 29,686 shares during the period. DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after purchasing an additional 44,931 shares during the period. DF Dent & Co. Inc. lifted its position in Kinsale Capital Group by 3.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 226,614 shares of the financial services provider’s stock worth $105,505,000 after acquiring an additional 6,679 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Kinsale Capital Group by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider’s stock valued at $85,279,000 after buying an additional 5,213 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 3.7 %

NYSE KNSL opened at $455.32 on Monday. The firm has a market capitalization of $10.60 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a 50-day simple moving average of $443.43 and a 200-day simple moving average of $461.14. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly 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 return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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. Truist Financial upped their price objective on shares of 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 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 report on Friday, February 14th. BMO Capital Markets raised their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company 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.