Axiom Investors LLC DE Trims Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Axiom Investors LLC DE lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,416 shares of the financial services provider's stock after selling 7,614 shares during the period. Axiom Investors LLC DE owned 0.05% of Kinsale Capital Group worth $5,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of 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 purchased a new position in Kinsale Capital Group during the fourth quarter worth about $31,000. Larson Financial Group LLC grew its position in 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 worth $35,000 after buying an additional 74 shares in the last quarter. Allworth Financial LP increased its stake in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $46,000. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on KNSL shares. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial raised their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Morgan Stanley cut their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. 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 currently has an average rating of "Hold" and an average price target of $468.56.

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Kinsale Capital Group Trading Down 7.8 %

Shares of KNSL traded down $38.71 during trading hours on Friday, hitting $459.89. The company had a trading volume of 428,577 shares, compared to its average volume of 174,411. The firm has a market cap of $10.70 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $531.79. The stock's 50 day moving average price is $457.25 and its 200 day moving average price is $461.93. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

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, topping analysts' consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analysts' expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio (DPR) is 3.82%.

Kinsale Capital Group Company 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.