DF Dent & Co. Inc. Has $114.22 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

DF Dent & Co. Inc. boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,560 shares of the financial services provider’s stock after buying an additional 18,946 shares during the quarter. Kinsale Capital Group makes up approximately 1.4% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 26th largest position. DF Dent & Co. Inc. owned 1.05% of Kinsale Capital Group worth $114,218,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $89,200,000. Alliancebernstein L.P. lifted its stake in shares of Kinsale Capital Group by 486.3% in the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider’s stock worth $99,559,000 after acquiring an additional 177,540 shares during the period. Premier Fund Managers Ltd boosted its holdings in Kinsale Capital Group by 20,286.0% in the fourth quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider’s stock valued at $48,813,000 after acquiring an additional 104,270 shares during the last quarter. Handelsbanken Fonder AB increased its position in Kinsale Capital Group by 1,119.0% during the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider’s stock valued at $32,885,000 after purchasing an additional 64,900 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Kinsale Capital Group during the 4th quarter worth approximately $22,933,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KNSL shares. 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 decreased their price target 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 reissued a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. 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 issued a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Up 0.7 %

Shares of NYSE:KNSL opened at $491.46 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. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $531.79. The business’s 50 day simple moving average is $455.40 and its two-hundred day simple moving average is $461.59. The firm has a market cap of $11.44 billion, a P/E ratio of 27.63, a PEG ratio of 1.66 and a beta of 1.25.

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 analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, research analysts forecast 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. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group’s payout ratio 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.