Teacher Retirement System of Texas Purchases 3,713 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Teacher Retirement System of Texas lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 112.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,029 shares of the financial services provider’s stock after acquiring an additional 3,713 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kinsale Capital Group were worth $3,269,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinsale Capital Group during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC grew its stake in Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 74 shares in the last quarter. Allworth Financial LP increased its holdings in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group during the 4th quarter valued at $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Up 0.5 %

Shares of NYSE KNSL opened at $485.35 on Wednesday. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $536.84. The company has a market capitalization of $11.30 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a 50 day simple moving average of $449.57 and a 200-day simple moving average of $460.55. 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 (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million for 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, equities research analysts predict 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 declared 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. The ex-dividend date was Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.82%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Morgan Stanley cut 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. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Truist Financial raised their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $468.56.

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.