Axa S.A. Has $1.49 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

AXA S.A. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 75.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,213 shares of the financial services provider's stock after acquiring an additional 1,382 shares during the period. AXA S.A.'s holdings in Kinsale Capital Group were worth $1,494,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinsale Capital Group during the 4th quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC boosted its position in shares of Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. Allworth Financial LP raised its stake in Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KNSL. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial reduced their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Morgan Stanley dropped their price target on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $470.00.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded down $3.19 during mid-day trading on Friday, reaching $454.46. The company had a trading volume of 102,209 shares, compared to its average volume of 170,106. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The business has a fifty day simple moving average of $463.50 and a 200 day simple moving average of $461.47. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $10.59 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's payout ratio is currently 3.91%.

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.