2Xideas AG Increases Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

2Xideas AG grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,998 shares of the financial services provider’s stock after buying an additional 5,554 shares during the quarter. Kinsale Capital Group makes up 2.5% of 2Xideas AG’s portfolio, making the stock its 8th largest position. 2Xideas AG owned 0.17% of Kinsale Capital Group worth $18,604,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock worth $983,137,000 after acquiring an additional 29,553 shares during the last quarter. State Street Corp raised its holdings in Kinsale Capital Group by 1.3% during the 3rd quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock worth $320,957,000 after purchasing an additional 8,954 shares during the last quarter. Geode Capital Management LLC lifted its position in Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider’s stock valued at $254,441,000 after purchasing an additional 16,246 shares during the period. DAVENPORT & Co LLC lifted its position in Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after purchasing an additional 44,931 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Kinsale Capital Group by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider’s stock valued at $153,305,000 after purchasing an additional 18,661 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Truist Financial increased their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $459.89 on Friday. The company has a market capitalization of $10.70 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company’s 50 day moving average price is $457.25 and its two-hundred day moving average price is $461.93.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 3.82%.

Kinsale Capital Group 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.