2Xideas AG Has $12.90 Million Position in Kinsale Capital Group, Inc. $KNSL

2Xideas AG lowered its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 15.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 26,665 shares of the financial services provider’s stock after selling 4,755 shares during the quarter. Kinsale Capital Group comprises approximately 2.2% of 2Xideas AG’s investment portfolio, making the stock its 9th largest position. 2Xideas AG’s holdings in Kinsale Capital Group were worth $12,903,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at about $125,812,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Kinsale Capital Group during the first quarter valued at approximately $125,003,000. First Manhattan CO. LLC. increased its stake in Kinsale Capital Group by 401.4% in the first quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock valued at $97,961,000 after purchasing an additional 161,132 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after purchasing an additional 131,056 shares during the period. Finally, Giverny Capital Inc. boosted its position in shares of Kinsale Capital Group by 87.3% during the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock worth $82,725,000 after purchasing an additional 79,208 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KNSL has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Tuesday, November 25th. Royal Bank Of Canada started coverage on Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 target price for the company. Morgan Stanley lowered their price target on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Wall Street Zen cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $483.78.

Kinsale Capital Group Stock Down 0.5%

KNSL stock opened at $354.75 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $8.25 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.28 and a beta of 0.96. Kinsale Capital Group, Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $531.79. The business has a 50-day moving average of $412.98 and a 200-day moving average of $442.79.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, beating the consensus estimate of $4.79 by $0.42. The firm had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.20 EPS. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.34%.

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.