2Xideas AG Raises Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

2Xideas AG raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,998 shares of the financial services provider's stock after buying an additional 5,554 shares during the period. Kinsale Capital Group comprises approximately 2.5% of 2Xideas AG's investment portfolio, making the stock its 8th biggest position. 2Xideas AG owned approximately 0.17% of Kinsale Capital Group worth $18,604,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth approximately $31,000. Larson Financial Group LLC raised its holdings in shares of Kinsale Capital Group by 7,400.0% during the fourth 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 during the period. Allworth Financial LP lifted its position in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Kinsale Capital Group in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on KNSL. Morgan Stanley decreased their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Truist Financial increased their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group Stock Up 0.5 %

Shares of NYSE KNSL traded up $2.15 during mid-day trading on Friday, reaching $480.38. 26,284 shares of the company traded hands, compared to its average volume of 175,092. The company's fifty day moving average is $458.69 and its two-hundred day moving average is $461.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $531.79. The stock has a market cap of $11.18 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating 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 company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. On average, analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group's payout ratio is currently 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.