B. Metzler seel. Sohn & Co. AG Sells 3,800 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

B. Metzler seel. Sohn & Co. AG reduced its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,000 shares of the financial services provider’s stock after selling 3,800 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Kinsale Capital Group were worth $4,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its position in shares of Kinsale Capital Group by 486.3% during the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider’s stock valued at $99,559,000 after buying an additional 177,540 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Kinsale Capital Group by 29.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,026 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 236 shares during the period. Physician Wealth Advisors Inc. purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $49,000. California Public Employees Retirement System lifted its holdings in Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock valued at $18,299,000 after purchasing an additional 4,146 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Kinsale Capital Group in the fourth quarter worth approximately $3,746,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on KNSL. JPMorgan Chase & Co. lowered their target price 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. Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada reiterated 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. Truist Financial boosted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $486.72 on Tuesday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $453.37 and its 200 day moving average is $461.21. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.66 and a beta of 1.25.

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

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is currently 3.82%.

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.