Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.5% during the fourth quarter, HoldingsChannel reports. The fund owned 44,994 shares of the financial services provider’s stock after buying an additional 5,003 shares during the period. Erste Asset Management GmbH’s holdings in Kinsale Capital Group were worth $20,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Kinsale Capital Group by 5.9% during the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after acquiring an additional 29,686 shares during the period. Avior Wealth Management LLC grew its holdings in Kinsale Capital Group by 7,392.9% during the third quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 1,035 shares during the period. Swedbank AB grew its holdings in Kinsale Capital Group by 5.0% during the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock worth $19,582,000 after acquiring an additional 2,010 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Kinsale Capital Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock valued at $69,126,000 after purchasing an additional 3,469 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $1,071,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KNSL. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley reduced their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. BMO Capital Markets upped their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada restated 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. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $449.97 on Thursday. The business’s 50-day moving average price is $443.18 and its 200 day moving average price is $461.83. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $536.84. The company has a market capitalization of $10.47 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued 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 is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

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.