Axiom Investors LLC DE Sells 7,614 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Axiom Investors LLC DE lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 38.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,416 shares of the financial services provider’s stock after selling 7,614 shares during the period. Axiom Investors LLC DE owned approximately 0.05% of Kinsale Capital Group worth $5,775,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its stake in shares of Kinsale Capital Group by 1.2% in the third quarter. Citigroup Inc. now owns 12,402 shares of the financial services provider’s stock worth $5,774,000 after buying an additional 148 shares in the last quarter. Bank of Montreal Can lifted its position in Kinsale Capital Group by 54.4% in the 3rd quarter. Bank of Montreal Can now owns 19,511 shares of the financial services provider’s stock valued at $9,002,000 after acquiring an additional 6,876 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Kinsale Capital Group by 4.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,403 shares of the financial services provider’s stock valued at $8,102,000 after purchasing an additional 689 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,982 shares of the financial services provider’s stock worth $1,854,000 after purchasing an additional 223 shares in the last quarter. Finally, Fiduciary Trust Co purchased a new position in shares of Kinsale Capital Group in the third quarter worth $233,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.9 %

Shares of Kinsale Capital Group stock opened at $486.72 on Tuesday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two 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 has a market capitalization of $11.33 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a fifty day moving average of $453.37 and a 200 day moving average of $461.21.

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

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Wall Street Analysts Forecast Growth

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

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.