B. Metzler seel. Sohn & Co. AG Has $4.18 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,000 shares of the financial services provider's stock after selling 3,800 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Kinsale Capital Group were worth $4,180,000 as of its most recent filing with the Securities and Exchange Commission.

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

Kinsale Capital Group Stock Down 7.8 %

Shares of Kinsale Capital Group stock traded down $38.71 during midday trading on Friday, reaching $459.89. 428,577 shares of the company's stock traded hands, compared to its average volume of 174,411. 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 52 week low of $355.12 and a 52 week high of $531.79. The company's 50 day simple moving average is $457.25 and its 200 day simple moving average is $461.93. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

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Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted 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 analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business 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. 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 0.15%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is presently 3.82%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNSL. Truist Financial upped their price target 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. decreased their target price on 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. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley reduced their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group 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.