Mercer Global Advisors Inc. ADV Buys 1,201 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Mercer Global Advisors Inc. ADV boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 135.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,086 shares of the financial services provider’s stock after purchasing an additional 1,201 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Kinsale Capital Group were worth $970,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter worth about $877,000. Lido Advisors LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $209,000. Northern Trust Corp grew its stake in shares of Kinsale Capital Group by 16.8% during the 4th quarter. Northern Trust Corp now owns 216,616 shares of the financial services provider’s stock worth $100,755,000 after acquiring an additional 31,094 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Kinsale Capital Group in the fourth quarter worth $1,326,000. Finally, Coldstream Capital Management Inc. boosted its holdings in Kinsale Capital Group by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $454.46 on Friday. The firm has a market cap of $10.59 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The business’s 50 day moving average is $463.50 and its 200-day moving average is $461.47. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same quarter last year, the firm earned $3.50 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. 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 firm also recently announced 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is presently 3.91%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KNSL shares. Morgan Stanley dropped their target price on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial lowered their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $470.00.

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.