Marshall Wace LLP Has $13.80 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Marshall Wace LLP lowered its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,678 shares of the financial services provider’s stock after selling 1,299 shares during the quarter. Marshall Wace LLP owned approximately 0.13% of Kinsale Capital Group worth $13,804,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 21 shares during the period. Ballentine Partners LLC lifted its position in shares of Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after buying an additional 25 shares during the last quarter. Caprock Group LLC boosted its stake in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 28 shares during the period. Fielder Capital Group LLC increased its holdings in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 31 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 36 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 0.7 %

Shares of NYSE KNSL opened at $487.01 on Monday. The stock has a market capitalization of $11.34 billion, a P/E ratio of 27.38, a PEG ratio of 1.66 and a beta of 1.16. The stock’s fifty day moving average is $459.06 and its 200 day moving average is $462.75. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $531.79. 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 (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 net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal 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 given a dividend of $0.17 per share. 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 was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 3.82%.

Analysts Set New Price Targets

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

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.