BI Asset Management Fondsmaeglerselskab A S Buys Shares of 1,126 Kinsale Capital Group, Inc. (NYSE:KNSL)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,126 shares of the financial services provider's stock, valued at approximately $524,000.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Kinsale Capital Group by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 198,904 shares of the financial services provider's stock worth $92,519,000 after acquiring an additional 4,380 shares during the period. First Trust Advisors LP raised its stake in shares of Kinsale Capital Group by 5.1% during the 4th quarter. First Trust Advisors LP now owns 20,315 shares of the financial services provider's stock worth $9,449,000 after purchasing an additional 993 shares during the period. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Kinsale Capital Group by 828.0% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,160 shares of the financial services provider's stock worth $540,000 after buying an additional 1,035 shares during the last quarter. NewEdge Advisors LLC grew its position in Kinsale Capital Group by 9.6% during the fourth quarter. NewEdge Advisors LLC now owns 763 shares of the financial services provider's stock valued at $355,000 after buying an additional 67 shares during the period. Finally, PEAK6 LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth about $212,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on KNSL. Truist Financial reduced their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley cut their price target 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, JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kinsale Capital Group has a consensus rating of "Hold" and an average price target of $464.44.

Kinsale Capital Group Price Performance

Shares of KNSL traded up $13.39 during midday trading on Tuesday, hitting $437.58. 104,560 shares of the company traded hands, compared to its average volume of 176,044. The stock has a 50-day moving average of $460.12 and a 200-day moving average of $462.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. The firm has a market cap of $10.19 billion, a P/E ratio of 24.60, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.50 EPS. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.16%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's payout ratio is presently 3.91%.

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.