Man Group plc Sells 18,648 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Man Group plc lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,222 shares of the financial services provider’s stock after selling 18,648 shares during the quarter. Man Group plc owned about 0.13% of Kinsale Capital Group worth $14,522,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Kinsale Capital Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock valued at $983,137,000 after acquiring an additional 29,553 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider’s stock valued at $254,441,000 after acquiring an additional 16,246 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after acquiring an additional 44,931 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Kinsale Capital Group by 6.0% during the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider’s stock valued at $153,305,000 after acquiring an additional 18,661 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its position in shares of Kinsale Capital Group by 8.4% during the 4th quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider’s stock valued at $114,218,000 after acquiring an additional 18,946 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $463.05 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50 day simple moving average is $464.26 and its two-hundred day simple moving average is $461.94. The stock has a market capitalization of $10.79 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Wall Street Analyst Weigh In

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

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.