Universal Beteiligungs und Servicegesellschaft mbH Invests $6.72 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 13,802 shares of Kinsale Capital Group, Inc., valued at approximately $6.7 million, representing about 0.06% of the company's stock.
• Institutional investors collectively hold 85.36% of Kinsale Capital Group, indicating strong market confidence in the company.
• Kinsale Capital Group recently reported earnings of $4.78 per share, exceeding estimates and showing a 22.2% year-over-year revenue growth.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,802 shares of the financial services provider's stock, valued at approximately $6,718,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Kinsale Capital Group at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Key Financial Inc increased its position in Kinsale Capital Group by 315.4% in the first 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. NBC Securities Inc. purchased a new stake in Kinsale Capital Group in the first quarter worth $35,000. von Borstel & Associates Inc. purchased a new stake in Kinsale Capital Group in the first quarter worth $42,000. Physician Wealth Advisors Inc. purchased a new stake in Kinsale Capital Group in the fourth quarter worth $49,000. Finally, Anderson Financial Strategies LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at $54,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction dated 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 of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Stock Down 1.5%

KNSL traded down $6.84 during trading on Wednesday, hitting $443.51. 219,729 shares of the company's stock traded hands, compared to its average volume of 228,857. The company's 50 day simple moving average is $473.13 and its two-hundred day simple moving average is $462.10. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.68 and a beta of 1.19. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79.

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 firm had revenue of $458.70 million for the quarter, compared to analysts' expectations of $436.25 million. During the same period in the prior year, the firm earned $3.75 EPS. The company's revenue was up 22.2% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a $0.17 dividend. The ex-dividend date was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

Analyst Ratings Changes

KNSL has been the subject of several recent research reports. Compass Point lifted their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research report on Monday. Truist Financial lifted their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America began coverage on Kinsale Capital Group in a research note on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company. BMO Capital Markets increased their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $506.44.

Kinsale Capital Group Company 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.