Florida Financial Advisors LLC Acquires 78 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Florida Financial Advisors LLC grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 530 shares of the financial services provider’s stock after purchasing an additional 78 shares during the period. Florida Financial Advisors LLC’s holdings in Kinsale Capital Group were worth $247,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 buying an additional 21 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of 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 raised its holdings in shares of Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 28 shares during the last quarter. Fielder Capital Group LLC lifted its position in Kinsale Capital Group by 5.5% during the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 31 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Kinsale Capital Group by 5.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KNSL. Morgan Stanley lowered 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. 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. JPMorgan Chase & Co. reduced their price target 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. 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a 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 stock. According to data from MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Up 0.5 %

KNSL opened at $485.35 on Wednesday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two 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. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The firm’s fifty day moving average is $449.57 and its 200 day moving average is $460.55.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

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.