Handelsbanken Fonder AB Has $35.87 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Handelsbanken Fonder AB raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,700 shares of the financial services provider's stock after acquiring an additional 3,000 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.32% of Kinsale Capital Group worth $35,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Kinsale Capital Group by 39.2% during the first quarter. SG Americas Securities LLC now owns 917 shares of the financial services provider's stock worth $446,000 after purchasing an additional 258 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Kinsale Capital Group by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 635 shares of the financial services provider's stock valued at $309,000 after acquiring an additional 114 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Kinsale Capital Group by 6.2% in the first quarter. Harbor Capital Advisors Inc. now owns 5,127 shares of the financial services provider's stock valued at $2,495,000 after purchasing an additional 300 shares during the period. Portside Wealth Group LLC lifted its holdings in shares of Kinsale Capital Group by 206.3% in the 1st quarter. Portside Wealth Group LLC now owns 1,835 shares of the financial services provider's stock valued at $893,000 after buying an additional 1,236 shares during the period. Finally, Bennett Selby Investments LP raised its stake in shares of Kinsale Capital Group by 49.0% during the 1st quarter. Bennett Selby Investments LP now owns 2,836 shares of the financial services provider's stock worth $1,380,000 after buying an additional 933 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded up $10.23 during trading on Thursday, reaching $469.94. The company's stock had a trading volume of 100,898 shares, compared to its average volume of 173,334. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $463.16 and its 200-day moving average price is $462.83. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The firm has a market cap of $10.95 billion, a PE ratio of 26.42, a P/E/G ratio of 1.66 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. Equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given a $0.17 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is presently 3.91%.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the transaction, the executive vice president now directly owns 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley raised their price objective 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. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Truist Financial lowered their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $484.57.

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.