Sava Infond d.o.o. Buys Shares of 2,100 Kinsale Capital Group, Inc. (NYSE:KNSL)

Sava Infond d.o.o. bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, Holdings Channel reports. The firm bought 2,100 shares of the financial services provider’s stock, valued at approximately $977,000.

Several other hedge funds have also made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group during the 4th quarter valued at $31,000. Larson Financial Group LLC increased its holdings in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 74 shares during the period. Allworth Financial LP raised its position in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth $46,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $480.70 on Thursday. 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 stock has a 50-day moving average of $450.50 and a two-hundred day moving average of $460.69. The stock has a market cap of $11.19 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $534.67.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results 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 firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.17 dividend. 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 0.14%. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is 3.82%.

Wall Street Analyst Weigh In

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

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.