Ensign Peak Advisors Inc Sells 8,244 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Ensign Peak Advisors Inc lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,344 shares of the financial services provider’s stock after selling 8,244 shares during the period. Ensign Peak Advisors Inc owned approximately 0.34% of Kinsale Capital Group worth $36,440,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KNSL. Vanguard Group Inc. grew its holdings in shares of Kinsale Capital Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock worth $983,137,000 after purchasing an additional 29,553 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kinsale Capital Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider’s stock worth $254,441,000 after buying an additional 16,246 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after buying an additional 44,931 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kinsale Capital Group by 6.0% in the fourth quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider’s stock valued at $153,305,000 after acquiring an additional 18,661 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in shares of Kinsale Capital Group by 8.4% in the 4th quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider’s stock worth $114,218,000 after acquiring an additional 18,946 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $454.46 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.59 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The stock’s 50-day moving average price is $463.50 and its two-hundred day moving average price is $461.47. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same quarter last year, the firm earned $3.50 EPS. Kinsale Capital Group’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KNSL. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial decreased their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reiterated 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. Morgan Stanley lowered their target price on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $470.00.

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.