AlphaQuest LLC Sells 1,551 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

AlphaQuest LLC lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 94.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85 shares of the financial services provider’s stock after selling 1,551 shares during the period. AlphaQuest LLC’s holdings in Kinsale Capital Group were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinsale Capital Group in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC raised its position in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after buying an additional 74 shares in the last quarter. Allworth Financial LP raised its position in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at approximately $46,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

KNSL stock opened at $459.75 on Friday. The company has a fifty day moving average price of $446.07 and a 200-day moving average price of $460.60. The company has a market capitalization of $10.70 billion, a P/E ratio of 25.84, a PEG ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84. 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 released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. 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%.

Analysts Set New Price Targets

Several brokerages have recently commented on KNSL. Royal Bank of Canada restated 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. Truist Financial boosted their target price on shares of 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 lowered 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 report on Friday, February 14th. JPMorgan Chase & Co. lowered 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 report on Friday, January 3rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average 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.