Royal London Asset Management Ltd. Reduces Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Royal London Asset Management Ltd. trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 322,438 shares of the financial services provider’s stock after selling 19,671 shares during the quarter. Royal London Asset Management Ltd. owned approximately 1.38% of Kinsale Capital Group worth $149,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC boosted its position in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after buying an additional 25 shares during the period. Caprock Group LLC boosted its holdings in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 28 shares during the period. Fielder Capital Group LLC grew its stake in Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 31 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in Kinsale Capital Group by 5.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 37 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Stock Up 0.2 %

Kinsale Capital Group stock opened at $451.85 on Thursday. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $536.84. The business has a fifty day moving average price of $445.33 and a 200-day moving average price of $460.60. 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 stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share 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 during the quarter, compared to the consensus estimate of $418.32 million. Equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business 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. 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. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio is presently 3.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KNSL shares. Truist Financial increased their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target 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. Morgan Stanley cut their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, BMO Capital Markets upped their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target 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.