Virtu Financial LLC Takes $1.22 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Virtu Financial LLC purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,625 shares of the financial services provider’s stock, valued at approximately $1,221,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Kinsale Capital Group during the 4th quarter valued at $1,847,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Kinsale Capital Group by 11.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 21 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Kinsale Capital Group by 6.8% during the 4th quarter. Whittier Trust Co. now owns 782 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 50 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Kinsale Capital Group by 112.0% in the 4th quarter. Teacher Retirement System of Texas now owns 7,029 shares of the financial services provider’s stock valued at $3,269,000 after purchasing an additional 3,713 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Kinsale Capital Group by 2.4% in the 4th quarter. Xponance Inc. now owns 4,466 shares of the financial services provider’s stock valued at $2,077,000 after purchasing an additional 105 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KNSL shares. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank of Canada reaffirmed 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. Truist Financial lifted 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. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Morgan Stanley reduced their price objective on shares of 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. Eight investment 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, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Up 2.7 %

Shares of KNSL opened at $471.37 on Monday. The company has a 50-day simple moving average of $447.17 and a 200-day simple moving average of $460.26. The firm has a market capitalization of $10.97 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.66 and a beta of 1.25. 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 $536.84.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million for 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%. On average, equities research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is presently 3.82%.

About Kinsale Capital Group

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.