Peak6 LLC Takes $212,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Peak6 LLC acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 456 shares of the financial services provider’s stock, valued at approximately $212,000.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Kinsale Capital Group by 34.4% in the 3rd quarter. Barclays PLC now owns 11,772 shares of the financial services provider’s stock valued at $5,480,000 after acquiring an additional 3,014 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Kinsale Capital Group by 34.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 447 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Kinsale Capital Group in the 3rd quarter valued at approximately $398,000. Franklin Resources Inc. increased its position in Kinsale Capital Group by 14.3% during the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider’s stock worth $45,869,000 after buying an additional 12,125 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Kinsale Capital Group by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 148 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $471.03 on Tuesday. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The company has a market capitalization of $10.96 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. 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 firm has a fifty day simple moving average of $458.95 and a 200-day simple moving average of $462.64.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Equities research analysts anticipate 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 was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. 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 3.82%.

Wall Street Analysts Forecast Growth

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

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.