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

Erste Asset Management GmbH increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,994 shares of the financial services provider’s stock after acquiring an additional 5,003 shares during the period. Erste Asset Management GmbH owned approximately 0.19% of Kinsale Capital Group worth $20,989,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KNSL. Janney Montgomery Scott LLC raised its stake in shares of Kinsale Capital Group by 16.7% in the third quarter. Janney Montgomery Scott LLC now owns 4,678 shares of the financial services provider’s stock valued at $2,178,000 after acquiring an additional 668 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at $224,000. Crossmark Global Holdings Inc. raised its stake in shares of Kinsale Capital Group by 18.7% in the third quarter. Crossmark Global Holdings Inc. now owns 1,722 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 271 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Kinsale Capital Group by 0.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 8,322 shares of the financial services provider’s stock valued at $3,874,000 after acquiring an additional 77 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Kinsale Capital Group by 3.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,556 shares of the financial services provider’s stock valued at $724,000 after acquiring an additional 56 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Truist Financial increased their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets increased their target price 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $449.97 on Thursday. The stock’s 50-day moving average price is $443.18 and its 200 day moving average price is $461.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock 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. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is presently 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.