Janus Henderson Group PLC Increases Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Janus Henderson Group PLC increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,830 shares of the financial services provider’s stock after purchasing an additional 36,978 shares during the period. Janus Henderson Group PLC owned 0.55% of Kinsale Capital Group worth $59,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its holdings in Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock valued at $9,310,000 after acquiring an additional 4,644 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Kinsale Capital Group by 11.8% in 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 acquiring an additional 4,146 shares during the last quarter. Empowered Funds LLC acquired a new position in Kinsale Capital Group in the fourth quarter valued at $1,071,000. Charles Schwab Investment Management Inc. boosted its holdings in Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock valued at $70,907,000 after acquiring an additional 3,970 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new position in Kinsale Capital Group in the fourth quarter valued at $1,736,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 2.3%

NYSE:KNSL opened at $446.39 on Wednesday. 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, Inc. has a one year low of $366.92 and a one year high of $531.79. The business’s 50-day simple moving average is $464.11 and its 200 day simple moving average is $461.53. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $425.73 million. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $470.00.

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.