Erste Asset Management GmbH Purchases 5,003 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Erste Asset Management GmbH raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,994 shares of the financial services provider's stock after purchasing an additional 5,003 shares during the quarter. Erste Asset Management GmbH owned approximately 0.19% of Kinsale Capital Group worth $20,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swiss National Bank lifted its position in shares of Kinsale Capital Group by 0.7% during the fourth quarter. Swiss National Bank now owns 43,562 shares of the financial services provider's stock worth $20,262,000 after acquiring an additional 300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $877,000. Farther Finance Advisors LLC lifted its holdings in Kinsale Capital Group by 14.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider's stock worth $519,000 after purchasing an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Kinsale Capital Group by 58.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 502 shares of the financial services provider's stock worth $233,000 after purchasing an additional 186 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Kinsale Capital Group by 18.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,070 shares of the financial services provider's stock valued at $963,000 after buying an additional 319 shares in the last quarter. Institutional investors own 85.36% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. BMO Capital Markets lifted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kinsale Capital Group has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Price Performance

KNSL stock traded up $2.21 during mid-day trading on Monday, hitting $457.63. 156,535 shares of the stock were exchanged, compared to its average volume of 170,218. The business has a fifty day moving average price of $443.43 and a 200 day moving average price of $461.14. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $536.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.17 dividend. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio 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.