Danske Bank A S Acquires 21,741 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Danske Bank A/S increased its stake in Kinsale Capital by 78.3%, buying 21,741 shares to hold 49,524 shares (about 0.21% of the company), valued at roughly $19.37 million.
• Several other institutions (notably M&T, Orion, Tudor, Dimensional and UBS) also meaningfully boosted positions, leaving institutional investors with about 85.36% ownership of Kinsale.
• Wall Street sentiment has cooled with multiple downgrades and price-target cuts (consensus rating: Hold, average PT $392), even as Kinsale beat Q results (EPS $5.11 vs. $4.70) and raised its quarterly dividend to $0.25.

Danske Bank A S lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,524 shares of the financial services provider's stock after purchasing an additional 21,741 shares during the period. Danske Bank A S owned 0.21% of Kinsale Capital Group worth $19,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. M&T Bank Corp boosted its holdings in Kinsale Capital Group by 2,621.6% in the fourth quarter. M&T Bank Corp now owns 91,118 shares of the financial services provider's stock worth $35,638,000 after acquiring an additional 87,770 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Kinsale Capital Group by 1,141.4% in the second quarter. Orion Porfolio Solutions LLC now owns 81,724 shares of the financial services provider's stock worth $39,546,000 after acquiring an additional 75,141 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Kinsale Capital Group by 7,444.2% in the third quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider's stock worth $16,041,000 after acquiring an additional 37,221 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kinsale Capital Group by 15.1% in the third quarter. Dimensional Fund Advisors LP now owns 273,724 shares of the financial services provider's stock worth $116,390,000 after acquiring an additional 35,864 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Kinsale Capital Group by 44.6% in the fourth quarter. UBS Group AG now owns 97,012 shares of the financial services provider's stock worth $37,943,000 after acquiring an additional 29,934 shares in the last quarter. Institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KNSL shares. Wells Fargo & Company lowered Kinsale Capital Group from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $420.00 to $357.00 in a report on Monday, April 27th. BMO Capital Markets lowered Kinsale Capital Group from a "market perform" rating to an "underperform" rating and set a $348.00 price target on the stock. in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $450.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Truist Financial cut their price target on Kinsale Capital Group from $450.00 to $405.00 and set a "buy" rating on the stock in a report on Monday, April 27th. Finally, Weiss Ratings lowered Kinsale Capital Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of "Hold" and an average price target of $392.00.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $311.61 on Friday. The company has a market cap of $7.19 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. Kinsale Capital Group, Inc. has a 52 week low of $308.61 and a 52 week high of $512.76. The business has a 50 day moving average price of $354.05 and a 200-day moving average price of $382.07. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $4.70 by $0.41. The firm had revenue of $466.71 million during the quarter, compared to the consensus estimate of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.71 earnings per share. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 20.54 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 12th. Stockholders of record on Thursday, February 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 26th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 4.40%.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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