Visa Inc. (NYSE:V) Stock Position Raised by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,085 shares of the credit-card processor's stock after acquiring an additional 3,284 shares during the quarter. Visa makes up about 2.6% of Kinsale Capital Group Inc.'s portfolio, making the stock its 6th biggest holding. Kinsale Capital Group Inc.'s holdings in Visa were worth $9,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Visa in the 4th quarter valued at $196,000. Smartleaf Asset Management LLC boosted its stake in Visa by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 23,804 shares of the credit-card processor's stock valued at $7,506,000 after purchasing an additional 3,762 shares during the period. Maia Wealth LLC boosted its stake in Visa by 12.9% in the 4th quarter. Maia Wealth LLC now owns 10,285 shares of the credit-card processor's stock valued at $3,441,000 after purchasing an additional 1,176 shares during the period. Purkiss Capital Advisors LLC bought a new stake in Visa in the 4th quarter valued at $1,102,000. Finally, PCG Asset Management LLC bought a new stake in Visa in the 4th quarter valued at $1,386,000. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,505 shares of company stock valued at $22,290,507. Corporate insiders own 0.13% of the company's stock.

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Visa Trading Down 2.8 %

Shares of V stock traded down $9.75 during trading hours on Thursday, hitting $342.93. 4,584,682 shares of the company were exchanged, compared to its average volume of 6,199,565. The company has a 50 day simple moving average of $335.17 and a two-hundred day simple moving average of $307.55. The firm has a market cap of $637.08 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Susquehanna lifted their price objective on Visa from $395.00 to $410.00 and gave the company a "positive" rating in a report on Friday, February 21st. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. Bank of America lifted their price objective on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, UBS Group lifted their price objective on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $353.96.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.