Erste Asset Management GmbH Buys 733 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Erste Asset Management GmbH increased its stake in Kinsale Capital Group by 1.6%, owning a total of 45,727 shares valued at approximately $22.2 million after acquiring 733 shares in the first quarter.
• Several other investors have also adjusted their holdings in Kinsale Capital Group, with notable increases in positions from firms such as Coldstream Capital Management and Private Trust Co. NA.
• Kinsale Capital Group recently reported strong financial performance, with $4.78 EPS for the quarter, surpassing analyst expectations, and a 22.2% year-over-year revenue increase.

Erste Asset Management GmbH lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,727 shares of the financial services provider's stock after acquiring an additional 733 shares during the period. Erste Asset Management GmbH owned 0.20% of Kinsale Capital Group worth $22,229,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KNSL. Coldstream Capital Management Inc. increased its position in Kinsale Capital Group by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after buying an additional 25 shares in the last quarter. Private Trust Co. NA increased its position in Kinsale Capital Group by 2.1% during the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock valued at $627,000 after buying an additional 27 shares in the last quarter. Strategic Advisors LLC increased its position in Kinsale Capital Group by 0.6% during the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 30 shares in the last quarter. Xponance Inc. increased its position in Kinsale Capital Group by 0.7% during the 1st quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock valued at $2,188,000 after buying an additional 30 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC increased its position in Kinsale Capital Group by 2.6% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider's stock valued at $579,000 after buying an additional 30 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on KNSL shares. Morgan Stanley upped their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Cantor Fitzgerald raised Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Truist Financial boosted their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, Compass Point increased their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $505.80.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.50% of the stock is currently owned by company insiders.

Kinsale Capital Group Stock Up 3.4%

Kinsale Capital Group stock opened at $461.13 on Wednesday. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.12. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week high of $531.79. The business's 50-day moving average price is $466.69 and its 200 day moving average price is $463.07. 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, July 24th. The financial services provider reported $4.78 EPS 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 last year, the company earned $3.75 earnings per share. Kinsale Capital Group's quarterly revenue was up 22.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

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

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.

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