Kinsale Capital Group, Inc. $KNSL Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its position in Kinsale Capital Group by 18.7% during the first quarter, holding 57,050 shares valued at approximately $27.77 million.
• Kinsale Capital Group reported earnings of $4.78 per share for the last quarter, exceeding analysts' expectations by $0.37, and generated revenue of $458.70 million.
• A quarterly dividend of $0.17 per share was paid by Kinsale Capital Group, representing a low payout ratio of 3.55% and a dividend yield of 0.2%.

Swedbank AB lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,050 shares of the financial services provider's stock after buying an additional 8,985 shares during the quarter. Swedbank AB owned about 0.24% of Kinsale Capital Group worth $27,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Key Financial Inc raised its position in Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after buying an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Kinsale Capital Group during the 1st quarter worth $31,000. NBC Securities Inc. purchased a new position in Kinsale Capital Group during the 1st quarter worth $35,000. von Borstel & Associates Inc. purchased a new position in Kinsale Capital Group during the 1st quarter worth $42,000. Finally, Ancora Advisors LLC purchased a new position in Kinsale Capital Group during the 1st quarter worth $49,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on KNSL. Compass Point upped their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America started coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target for the company. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kinsale Capital Group from $440.00 to $460.00 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 assigned a Hold rating to the company's stock. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and an average price target of $505.80.

Kinsale Capital Group Trading Up 1.1%

Shares of KNSL traded up $4.61 during mid-day trading on Thursday, hitting $435.27. The company had a trading volume of 87,158 shares, compared to its average volume of 204,814. The business's 50-day simple moving average is $455.71 and its 200-day simple moving average is $462.13. 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, Inc. has a 1-year low of $405.00 and a 1-year high of $531.79. The stock has a market cap of $10.14 billion, a PE ratio of 22.73, a P/E/G ratio of 1.57 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $458.70 million for the quarter, compared to analysts' expectations of $436.25 million. During the same period last year, the company earned $3.75 earnings per share. The company's quarterly revenue was up 22.2% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.2%. 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.