Dearborn Partners LLC Has $1.33 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Dearborn Partners LLC lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,863 shares of the financial services provider’s stock after selling 67 shares during the quarter. Dearborn Partners LLC’s holdings in Kinsale Capital Group were worth $1,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group during the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $31,000. Larson Financial Group LLC increased its holdings in shares of Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 74 shares during the last quarter. Allworth Financial LP raised its stake 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 acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Kinsale Capital Group in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.6 %

Shares of Kinsale Capital Group stock opened at $449.05 on Tuesday. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $536.84. The stock has a market capitalization of $10.45 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a 50-day simple moving average of $443.66 and a 200 day simple moving average of $462.13. 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 posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.17 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio is 3.82%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KNSL. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Morgan Stanley lowered their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Truist Financial lifted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $468.56.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

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.