Maren Capital LLC Boosts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Maren Capital LLC increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,900 shares of the financial services provider’s stock after purchasing an additional 9,669 shares during the period. Kinsale Capital Group makes up 5.4% of Maren Capital LLC’s portfolio, making the stock its 9th biggest position. Maren Capital LLC owned about 0.65% of Kinsale Capital Group worth $70,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinsale Capital Group during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 74 shares during the period. Allworth Financial LP grew its holdings in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after buying an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $46,000. Institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley lowered their target price 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 reaffirmed a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Truist Financial boosted their target price 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. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Trading Down 7.8 %

Kinsale Capital Group stock opened at $459.89 on Monday. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $531.79. The stock has a market capitalization of $10.70 billion, a P/E ratio of 25.85, a PEG ratio of 1.66 and a beta of 1.16. The stock has a 50-day simple moving average of $457.25 and a 200 day simple moving average of $461.99. 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, beating the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is 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.