LPL Financial LLC Has $9.31 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

LPL Financial LLC boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 29.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,415 shares of the financial services provider’s stock after buying an additional 4,644 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Kinsale Capital Group worth $9,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. KLP Kapitalforvaltning AS acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $2,093,000. Sei Investments Co. lifted its stake in Kinsale Capital Group by 4.1% in the 4th quarter. Sei Investments Co. now owns 91,042 shares of the financial services provider’s stock valued at $42,351,000 after purchasing an additional 3,620 shares during the last quarter. American Century Companies Inc. boosted its position in Kinsale Capital Group by 8.8% in the fourth quarter. American Century Companies Inc. now owns 154,168 shares of the financial services provider’s stock valued at $71,709,000 after buying an additional 12,490 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth $1,221,000. Finally, Quantbot Technologies LP acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $1,847,000. Institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KNSL shares. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price 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. Finally, Truist Financial upped their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Trading Down 7.8 %

KNSL opened at $459.89 on Friday. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The company has a fifty day moving average of $457.25 and a 200-day moving average of $461.88. The stock has a market cap of $10.70 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

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 analysts’ consensus estimates 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 firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. On average, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. Kinsale Capital Group’s payout ratio 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.