Teacher Retirement System of Texas Grows Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Teacher Retirement System of Texas lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 112.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,029 shares of the financial services provider’s stock after buying an additional 3,713 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kinsale Capital Group were worth $3,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kinsale Capital Group during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC increased its stake in 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 worth $35,000 after buying an additional 74 shares during the period. Allworth Financial LP lifted its holdings in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Kinsale Capital Group in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KNSL. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley decreased 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. Truist Financial raised their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Trading Up 0.5 %

Shares of Kinsale Capital Group stock opened at $485.35 on Wednesday. The company has a fifty day simple moving average of $449.57 and a 200-day simple moving average of $460.55. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $536.84. 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 $11.30 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.17 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is presently 3.82%.

Kinsale Capital Group Company 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.