Swiss National Bank Has $20.26 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Swiss National Bank increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,562 shares of the financial services provider’s stock after acquiring an additional 300 shares during the quarter. Swiss National Bank owned 0.19% of Kinsale Capital Group worth $20,262,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KNSL. Handelsbanken Fonder AB raised its holdings in shares of Kinsale Capital Group by 1,119.0% during the fourth quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider’s stock valued at $32,885,000 after acquiring an additional 64,900 shares during the period. Westfield Capital Management Co. LP increased its stake in Kinsale Capital Group by 65.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after buying an additional 58,971 shares during the period. Proficio Capital Partners LLC acquired a new position in Kinsale Capital Group in the 4th quarter valued at approximately $22,933,000. DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 9.6% in the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after buying an additional 44,931 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in Kinsale Capital Group in the 3rd quarter valued at approximately $18,599,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $451.43 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $444.75 and a 200 day simple moving average of $460.66. The company has a market cap of $10.51 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $536.84.

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

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.17 per share. This is an increase 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 was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 3.82%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. BMO Capital Markets boosted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $468.56.

About Kinsale Capital Group

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.