Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Swedbank AB

Swedbank AB boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,060 shares of the financial services provider’s stock after buying an additional 2,010 shares during the quarter. Swedbank AB owned 0.18% of Kinsale Capital Group worth $19,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Kinsale Capital Group in the first quarter worth about $301,000. Tidal Investments LLC raised its position in shares of Kinsale Capital Group by 362.1% in the 1st quarter. Tidal Investments LLC now owns 3,637 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 2,850 shares in the last quarter. Hancock Whitney Corp boosted its stake in shares of Kinsale Capital Group by 3.1% during the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after buying an additional 38 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Kinsale Capital Group during the first quarter worth approximately $244,000. Finally, Virtu Financial LLC bought a new stake in shares of Kinsale Capital Group in the first quarter worth $1,289,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KNSL has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Truist Financial reduced their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. Finally, Royal Bank of Canada dropped their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and an average target price of $456.88.

Kinsale Capital Group Trading Up 1.6 %

NYSE:KNSL opened at $506.90 on Tuesday. The firm has a market capitalization of $11.81 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.14 and a beta of 1.09. The business has a 50 day simple moving average of $461.31 and a 200 day simple moving average of $433.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the business posted $3.31 earnings per share. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.60% of the stock is owned by company insiders.

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.