B. Metzler seel. Sohn & Co. Holding AG Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,800 shares of the financial services provider’s stock, valued at approximately $5,959,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.05% of Kinsale Capital Group at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in Kinsale Capital Group during the third quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after buying an additional 49 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after buying an additional 50 shares during the period. Signaturefd LLC grew its stake in Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after buying an additional 42 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 79 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 1.4 %

KNSL opened at $469.45 on Wednesday. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 2.00 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a 50-day simple moving average of $458.27 and a 200 day simple moving average of $430.07.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.31 EPS. Analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Truist Financial decreased their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Jefferies Financial Group lifted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and a consensus price target of $455.88.

Kinsale Capital Group Company 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.