Sava Infond d.o.o. Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Sava Infond d.o.o. purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,100 shares of the financial services provider’s stock, valued at approximately $977,000.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KNSL shares. JPMorgan Chase & Co. reduced 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 report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial increased their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company 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 research note on Friday, February 14th. Finally, Morgan Stanley lowered their target price on 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $480.70 on Thursday. The company 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. The business’s 50 day moving average price is $450.50 and its 200-day moving average price is $460.69. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $534.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The business 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 predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.17 dividend. 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 is 3.82%.

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.