Swedbank AB Has $25.44 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Swedbank AB cut its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.8% during the 4th quarter, HoldingsChannel reports. The firm owned 65,053 shares of the financial services provider’s stock after selling 3,997 shares during the quarter. Swedbank AB’s holdings in Kinsale Capital Group were worth $25,444,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Prospera Financial Services Inc raised its holdings in Kinsale Capital Group by 5.1% in the fourth quarter. Prospera Financial Services Inc now owns 2,723 shares of the financial services provider’s stock worth $1,065,000 after purchasing an additional 132 shares during the period. Life Cycle Investment Partners Ltd bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth $229,653,000. Jefferies Financial Group Inc. increased its position in shares of Kinsale Capital Group by 1,472.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 7,596 shares of the financial services provider’s stock worth $2,971,000 after acquiring an additional 7,113 shares in the last quarter. Cumberland Partners Ltd bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth $2,347,000. Finally, Global Retirement Partners LLC increased its position in shares of Kinsale Capital Group by 997.8% during the fourth quarter. Global Retirement Partners LLC now owns 999 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 908 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $310.59 on Tuesday. The stock has a market cap of $7.16 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company has a fifty day moving average price of $333.74 and a two-hundred day moving average price of $368.94. Kinsale Capital Group, Inc. has a one year low of $293.78 and a one year high of $512.76.

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

Kinsale Capital Group Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on KNSL. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. BMO Capital Markets downgraded shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price objective for the company. in a research report on Wednesday, February 25th. Cantor Fitzgerald lowered their price objective on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Truist Financial lowered their price objective on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Finally, Royal Bank Of Canada lowered their price objective on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $390.18.

Insider Activity

In other news, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

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.