12,800 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,800 shares of the financial services provider's stock, valued at approximately $5,959,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.05% of Kinsale Capital Group at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Kinsale Capital Group in the 3rd quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings in Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock valued at $28,000 after buying an additional 49 shares during the last quarter. Trust Co. of Vermont grew its holdings in Kinsale Capital Group by 113.6% in the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock valued at $36,000 after buying an additional 50 shares during the last quarter. Signaturefd LLC grew its holdings in Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock valued at $48,000 after buying an additional 42 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider's stock valued at $53,000 after buying an additional 79 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Wolfe Research raised Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective on the stock in a report on Monday, October 28th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Finally, Truist Financial decreased their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $455.88.

Kinsale Capital Group Price Performance

KNSL traded up $9.25 during trading on Wednesday, hitting $478.71. The company's stock had a trading volume of 103,216 shares, compared to its average volume of 173,274. The firm's 50 day moving average price is $458.39 and its two-hundred day moving average price is $430.69. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the previous year, the company posted $3.31 EPS. The business's revenue for the quarter was up 33.0% compared to the same quarter last year. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group's payout ratio is 3.42%.

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.