Sequoia Financial Advisors LLC Raises Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Sequoia Financial Advisors LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,070 shares of the financial services provider’s stock after acquiring an additional 319 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kinsale Capital Group were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of KNSL. KBC Group NV increased its position in shares of Kinsale Capital Group by 11.0% during the third quarter. KBC Group NV now owns 584 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 58 shares during the last quarter. Huntington National Bank increased its position in Kinsale Capital Group by 55.1% in the third quarter. Huntington National Bank now owns 318 shares of the financial services provider’s stock worth $148,000 after buying an additional 113 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Kinsale Capital Group in the third quarter worth $241,000. RiverPark Advisors LLC increased its position in Kinsale Capital Group by 3.6% in the third quarter. RiverPark Advisors LLC now owns 1,180 shares of the financial services provider’s stock worth $549,000 after buying an additional 41 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Kinsale Capital Group in the third quarter worth $762,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $455.32 on Monday. The firm has a market capitalization of $10.60 billion, a P/E ratio of 25.59, a PEG ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The business has a fifty day moving average price of $443.43 and a 200-day moving average price of $461.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 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 business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS 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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.15%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s payout ratio is presently 3.82%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial raised their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, BMO Capital Markets raised their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.