Thrivent Financial for Lutherans Decreases Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Thrivent Financial for Lutherans cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 630,236 shares of the financial services provider’s stock after selling 5,783 shares during the period. Kinsale Capital Group accounts for about 0.6% of Thrivent Financial for Lutherans’ holdings, making the stock its 18th largest holding. Thrivent Financial for Lutherans’ holdings in Kinsale Capital Group were worth $293,146,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kinsale Capital Group in the 4th quarter worth $25,000. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group during the fourth quarter worth about $31,000. Larson Financial Group LLC increased 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 worth $35,000 after purchasing an additional 74 shares during the last quarter. Allworth Financial LP raised its stake in Kinsale Capital Group by 450.0% during the fourth 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. acquired a new position in Kinsale Capital Group in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

KNSL stock opened at $457.63 on Tuesday. The business’s fifty day moving average price is $444.13 and its 200 day moving average price is $460.94. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $536.84. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $10.65 billion, a PE ratio of 25.72, a P/E/G ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $418.32 million. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio is 3.82%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KNSL. Truist Financial raised their price target 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. Morgan Stanley cut their target price 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. JPMorgan Chase & Co. decreased 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. BMO Capital Markets increased their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Finally, JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.