California Public Employees Retirement System Grows Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

California Public Employees Retirement System increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,341 shares of the financial services provider’s stock after purchasing an additional 4,146 shares during the quarter. California Public Employees Retirement System’s holdings in Kinsale Capital Group were worth $18,299,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Kinsale Capital Group by 11.7% in the 4th 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 raised its position in Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 25 shares during the period. Caprock Group LLC grew its position 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 valued at $769,000 after acquiring an additional 28 shares during the period. Fielder Capital Group LLC increased its stake in shares of Kinsale Capital Group by 5.5% in the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings 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 worth $333,000 after purchasing an additional 36 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $459.89 on Friday. 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 1-year low of $355.12 and a 1-year high of $531.79. The business has a 50 day simple moving average of $457.25 and a two-hundred day simple moving average of $461.88. The stock has a market capitalization of $10.70 billion, a PE ratio of 25.85, a P/E/G ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

Analyst Ratings Changes

Several research firms have issued reports on KNSL. Royal Bank of Canada reissued 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. decreased their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley decreased their price objective 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. Finally, Truist Financial upped their target price 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. Eight 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 stock currently 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.