Handelsbanken Fonder AB Acquires 5,000 Shares of Kinsale Capital Group, Inc. $KNSL

Handelsbanken Fonder AB raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kinsale Capital Group were worth $22,294,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KNSL. M&T Bank Corp grew its position in shares of Kinsale Capital Group by 2,621.6% in the 4th quarter. M&T Bank Corp now owns 91,118 shares of the financial services provider’s stock worth $35,638,000 after buying an additional 87,770 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Kinsale Capital Group by 1,141.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 81,724 shares of the financial services provider’s stock worth $39,546,000 after buying an additional 75,141 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Kinsale Capital Group by 37.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider’s stock valued at $81,382,000 after purchasing an additional 56,916 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Kinsale Capital Group by 7,444.2% during the third quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock valued at $16,041,000 after purchasing an additional 37,221 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Kinsale Capital Group by 15.1% during the third quarter. Dimensional Fund Advisors LP now owns 273,724 shares of the financial services provider’s stock valued at $116,390,000 after purchasing an additional 35,864 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wells Fargo & Company lowered Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $420.00 to $357.00 in a research report on Monday, April 27th. Jefferies Financial Group lowered Kinsale Capital Group from a “hold” rating to an “underperform” rating and dropped their price target for the company from $392.00 to $312.00 in a research report on Thursday, March 19th. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, BMO Capital Markets lowered Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price target on the stock. in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $392.00.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the transaction, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.7%

NYSE KNSL opened at $311.36 on Thursday. The stock’s 50 day moving average is $336.73 and its 200 day moving average is $370.63. The firm has a market capitalization of $7.18 billion, a PE ratio of 13.70, a P/E/G ratio of 1.02 and a beta of 0.95. Kinsale Capital Group, Inc. has a twelve month low of $293.78 and a twelve month high of $512.76. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. The business had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.71 earnings per share. Research analysts forecast that Kinsale Capital Group, Inc. will post 20.58 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. Kinsale Capital Group’s payout ratio is presently 4.40%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.