Connor Clark & Lunn Investment Management Ltd. Invests $877,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,886 shares of the financial services provider’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 14.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 143 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 58.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 502 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 186 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 18.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,070 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 319 shares during the last quarter. Donaldson Capital Management LLC raised its holdings in Kinsale Capital Group by 5.9% in the 4th quarter. Donaldson Capital Management LLC now owns 11,213 shares of the financial services provider’s stock valued at $5,216,000 after buying an additional 625 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new position in Kinsale Capital Group in the 4th quarter valued at approximately $3,055,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $471.37 on Friday. The company has a fifty day simple moving average of $447.17 and a 200 day simple moving average of $460.46. 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 cap of $10.97 billion, a P/E ratio of 26.50, a PEG ratio of 1.66 and a beta of 1.25.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Analyst Ratings Changes

KNSL has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. 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 research report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, 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 report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $468.56.

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.