Axa S.A. Reduces Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Axa S.A. reduced its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 54.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the financial services provider’s stock after selling 2,360 shares during the quarter. Axa S.A.’s holdings in Kinsale Capital Group were worth $771,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KNSL. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter valued at approximately $25,000. Brown Brothers Harriman & Co. acquired a new position in Kinsale Capital Group in the fourth quarter worth $33,000. Trust Co. of Vermont increased its stake in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Quarry LP bought a new stake in Kinsale Capital Group during the fourth quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Kinsale Capital Group by 713.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada upped their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Truist Financial increased their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Finally, Oppenheimer initiated coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $438.71.

Kinsale Capital Group Trading Up 2.3 %

Kinsale Capital Group stock opened at $476.24 on Wednesday. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $11.08 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.02 and a beta of 1.08. The firm has a 50 day simple moving average of $460.36 and a 200-day simple moving average of $431.53.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the firm earned $2.88 EPS. As a group, equities research analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s payout ratio is 3.99%.

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.