Handelsbanken Fonder AB Has $32.89 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Handelsbanken Fonder AB lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1,119.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,700 shares of the financial services provider's stock after purchasing an additional 64,900 shares during the quarter. Handelsbanken Fonder AB owned 0.30% of Kinsale Capital Group worth $32,885,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider's stock worth $189,000 after buying an additional 33 shares during the period. Blue Trust Inc. increased its position in shares of Kinsale Capital Group by 309.1% during the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider's stock worth $84,000 after acquiring an additional 136 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Kinsale Capital Group by 35.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the financial services provider's stock worth $815,000 after acquiring an additional 462 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after acquiring an additional 42 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Kinsale Capital Group in the 3rd quarter valued at $272,000. Institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

KNSL has been the subject of several research reports. Morgan Stanley decreased their price target on shares of 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. Truist Financial raised their target price 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday. Wolfe Research upgraded shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $468.56.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares of the company's stock, valued at $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the sale, the director now owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Kinsale Capital Group Stock Performance

NYSE:KNSL traded down $12.70 during mid-day trading on Friday, hitting $428.74. The stock had a trading volume of 212,433 shares, compared to its average volume of 224,301. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.66 and a beta of 1.15. The company's 50 day simple moving average is $454.19 and its 200 day simple moving average is $465.51.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (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 firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.17 per share. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.16%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.37%.

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.