Deutsche Bank AG Purchases 1,411 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Deutsche Bank AG increased its holdings in Kinsale Capital Group by 8.0% in Q1, owning 19,151 shares worth approximately $9.32 million.
• Several hedge funds boosted their stakes in Kinsale Capital Group, with Key Financial Inc increasing its position by 315.4%, and institutional investors now own 85.36% of the company's stock.
• Kinsale Capital Group reported $4.78 earnings per share for the last quarter, exceeding estimates and reflecting a 22.2% year-over-year revenue growth.

Deutsche Bank AG boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,151 shares of the financial services provider's stock after purchasing an additional 1,411 shares during the period. Deutsche Bank AG owned about 0.08% of Kinsale Capital Group worth $9,321,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KNSL. Raymond James Financial Inc. purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $18,323,000. Barclays PLC increased its stake in Kinsale Capital Group by 58.2% in the 4th quarter. Barclays PLC now owns 18,629 shares of the financial services provider's stock worth $8,666,000 after purchasing an additional 6,857 shares during the period. Mariner LLC increased its stake in Kinsale Capital Group by 3.6% in the 4th quarter. Mariner LLC now owns 3,143 shares of the financial services provider's stock worth $1,462,000 after purchasing an additional 110 shares during the period. Jump Financial LLC purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $3,454,000. Finally, PEAK6 LLC purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $212,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Up 1.3%

Shares of NYSE KNSL traded up $5.9450 during mid-day trading on Wednesday, hitting $467.7950. 161,848 shares of the stock traded hands, compared to its average volume of 217,368. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week high of $531.79. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.70 and a beta of 1.12. The stock has a fifty day moving average price of $466.85 and a 200-day moving average price of $463.10.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period in the previous year, the company posted $3.75 earnings per share. The firm's revenue was up 22.2% on a year-over-year basis. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.1%. Kinsale Capital Group's dividend payout ratio is presently 3.55%.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president directly owned 6,646 shares in the company, valued at $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Bank of America assumed coverage on Kinsale Capital Group in a research note on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Cantor Fitzgerald raised Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, BMO Capital Markets boosted their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average price target of $505.80.

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.