Jackson Square Partners LLC Has $18.93 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Jackson Square Partners LLC decreased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 16.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,690 shares of the financial services provider’s stock after selling 8,141 shares during the period. Kinsale Capital Group comprises approximately 2.0% of Jackson Square Partners LLC’s holdings, making the stock its 28th largest position. Jackson Square Partners LLC’s holdings in Kinsale Capital Group were worth $18,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Kinsale Capital Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after purchasing an additional 29,686 shares in the last quarter. Swedbank AB grew its holdings in shares of Kinsale Capital Group by 5.0% in the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock worth $19,582,000 after purchasing an additional 2,010 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kinsale Capital Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock worth $69,126,000 after purchasing an additional 3,469 shares during the last quarter. Empowered Funds LLC purchased a new position in Kinsale Capital Group during the 4th quarter valued at $1,071,000. Finally, Argent Capital Management LLC purchased a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $1,736,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KNSL shares. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial upped their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their target price 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. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Trading Up 2.5 %

Shares of Kinsale Capital Group stock opened at $481.98 on Tuesday. The company has a market cap of $11.22 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $536.84. The firm has a 50-day simple moving average of $448.46 and a two-hundred day simple moving average of $460.38. 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 posted 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 firm had revenue of $412.12 million for 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 predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio 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.