BI Asset Management Fondsmaeglerselskab A S Purchases New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,126 shares of the financial services provider's stock, valued at approximately $524,000.

Several other institutional investors have also recently made changes to their positions in KNSL. Barclays PLC increased its holdings in Kinsale Capital Group by 34.4% in the 3rd quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock valued at $5,480,000 after acquiring an additional 3,014 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Kinsale Capital Group in the third quarter worth about $398,000. Franklin Resources Inc. increased its holdings in shares of Kinsale Capital Group by 14.3% in the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock worth $45,869,000 after purchasing an additional 12,125 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Kinsale Capital Group by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider's stock worth $242,000 after buying an additional 148 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Kinsale Capital Group during the fourth quarter valued at approximately $265,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

KNSL has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial decreased their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $473.75.

Kinsale Capital Group Trading Up 0.1 %

NYSE KNSL traded up $0.36 during trading on Wednesday, hitting $434.96. The stock had a trading volume of 319,901 shares, compared to its average volume of 173,311. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.66 and a beta of 1.16. The stock has a 50 day simple moving average of $460.09 and a 200 day simple moving average of $462.30. Kinsale Capital Group, Inc. has a one year low of $364.46 and a one year high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $425.73 million. During the same quarter in the previous year, the business earned $3.50 EPS. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. Sell-side 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. Investors of record on Thursday, February 27th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.16%. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.91%.

About Kinsale Capital Group

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.