Segall Bryant & Hamill LLC Cuts Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Segall Bryant & Hamill LLC trimmed its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.1% in the 4th quarter, HoldingsChannel reports. The firm owned 14,938 shares of the financial services provider’s stock after selling 8,797 shares during the period. Segall Bryant & Hamill LLC’s holdings in Kinsale Capital Group were worth $6,948,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Congress Wealth Management LLC DE raised its holdings in Kinsale Capital Group by 2.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 9,565 shares of the financial services provider’s stock valued at $4,449,000 after acquiring an additional 256 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Kinsale Capital Group by 11.8% in the 4th quarter. Emerald Advisers LLC now owns 1,706 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 180 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kinsale Capital Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock valued at $983,137,000 after purchasing an additional 29,553 shares in the last quarter. LPL Financial LLC lifted its position in shares of Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after purchasing an additional 4,644 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $2,093,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Truist Financial raised their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $480.70 on Thursday. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.66 and a beta of 1.25. The firm’s fifty day simple moving average is $450.50 and its 200-day simple moving average is $460.69. 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, Inc. has a 12 month low of $355.12 and a 12 month high of $534.67.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating 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 business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. 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 dividend payout ratio (DPR) 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.