Cynosure Group LLC Trims Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Cynosure Group LLC cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,349 shares of the financial services provider’s stock after selling 293 shares during the period. Cynosure Group LLC’s holdings in Kinsale Capital Group were worth $627,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in Kinsale Capital Group in the fourth quarter worth $31,000. Larson Financial Group LLC lifted its position in Kinsale Capital Group by 7,400.0% during the fourth 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 during the period. Allworth Financial LP boosted its holdings in shares of Kinsale Capital Group by 450.0% during 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. purchased a new stake in shares of Kinsale Capital Group in the 4th quarter worth about $46,000. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $488.01 on Wednesday. The firm’s 50-day moving average price is $454.36 and its 200-day moving average price is $461.38. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $531.79. The company has a market cap of $11.36 billion, a PE ratio of 27.43, a PEG ratio of 1.66 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share 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 company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. As a group, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

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