Swedbank AB Has $28.09 Million Stock Position in Kinsale Capital Group, Inc. $KNSL

Key Points

• Swedbank AB has increased its holdings in Kinsale Capital Group by 1.8%, owning 58,050 shares valued at approximately $28.09 million as of the latest SEC filing.
• Kinsale Capital Group reported $4.78 earnings per share (EPS) for the last quarter, surpassing the consensus estimate of $4.41, with a year-over-year revenue increase of 22.2%.
• The company recently declared a quarterly dividend of $0.17 per share, reflecting a 0.2% dividend yield and a payout ratio of 3.55%.

Swedbank AB grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,050 shares of the financial services provider's stock after buying an additional 1,000 shares during the period. Swedbank AB owned approximately 0.25% of Kinsale Capital Group worth $28,090,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its position in Kinsale Capital Group by 6.2% during the 1st quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock worth $263,233,000 after buying an additional 31,480 shares during the period. JPMorgan Chase & Co. increased its position in Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock worth $224,204,000 after buying an additional 131,056 shares during the period. Geneva Capital Management LLC increased its position in Kinsale Capital Group by 0.6% during the 1st quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider's stock worth $197,294,000 after buying an additional 2,449 shares during the period. GAMMA Investing LLC increased its position in Kinsale Capital Group by 59,220.7% during the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after buying an additional 308,540 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in Kinsale Capital Group during the 1st quarter worth $125,003,000. Institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on KNSL shares. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. BMO Capital Markets raised their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Finally, Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $505.80.

Kinsale Capital Group Price Performance

NYSE:KNSL traded up $0.84 during trading hours on Friday, hitting $428.16. The company's stock had a trading volume of 324,845 shares, compared to its average volume of 184,978. The stock has a fifty day simple moving average of $453.40 and a 200-day simple moving average of $462.24. The company has a market capitalization of $9.98 billion, a P/E ratio of 22.33, a PEG ratio of 1.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a twelve month low of $405.00 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.Kinsale Capital Group's revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted $3.75 earnings per share. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

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.