Danske Bank A S Raises Position in Kinsale Capital Group, Inc. $KNSL

Danske Bank A S increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 78.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 49,524 shares of the financial services provider’s stock after buying an additional 21,741 shares during the quarter. Danske Bank A S’s holdings in Kinsale Capital Group were worth $19,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Bamco Inc. NY lifted its holdings in Kinsale Capital Group by 1.4% during the third quarter. Bamco Inc. NY now owns 1,788,590 shares of the financial services provider’s stock worth $760,616,000 after acquiring an additional 24,796 shares during the period. DAVENPORT & Co LLC lifted its holdings in Kinsale Capital Group by 1.9% during the fourth quarter. DAVENPORT & Co LLC now owns 530,043 shares of the financial services provider’s stock worth $208,443,000 after acquiring an additional 10,137 shares during the period. JPMorgan Chase & Co. lifted its holdings in Kinsale Capital Group by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider’s stock worth $191,386,000 after acquiring an additional 25,428 shares during the period. Invesco Ltd. lifted its holdings in Kinsale Capital Group by 2.6% during the third quarter. Invesco Ltd. now owns 274,724 shares of the financial services provider’s stock worth $116,829,000 after acquiring an additional 6,934 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 worth $116,390,000 after acquiring an additional 35,864 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $311.61 on Friday. 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 business has a fifty day simple moving average of $354.05 and a two-hundred day simple moving average of $382.07. Kinsale Capital Group, Inc. has a 1 year low of $308.61 and a 1 year high of $512.76. The company has a market capitalization of $7.19 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.01 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business had revenue of $466.71 million during the quarter, compared to the consensus estimate of $410.25 million. During the same period last year, the business posted $3.71 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th were given a $0.25 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.40%.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of recent analyst reports. Weiss Ratings lowered Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Cantor Fitzgerald dropped their price target on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. 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 report on Monday, February 23rd. Jefferies Financial Group lowered Kinsale Capital Group from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $350.00 price target (down from $450.00) on shares of Kinsale Capital Group in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $392.00.

Kinsale Capital Group Company 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.