Ashford Capital Management Inc. Grows Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Ashford Capital Management Inc. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,995 shares of the financial services provider’s stock after purchasing an additional 130 shares during the period. Kinsale Capital Group makes up about 2.2% of Ashford Capital Management Inc.’s holdings, making the stock its 19th largest position. Ashford Capital Management Inc.’s holdings in Kinsale Capital Group were worth $19,068,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 21 shares in the last quarter. Ballentine Partners LLC grew its position in Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after buying an additional 25 shares during the period. Coldstream Capital Management Inc. increased its holdings in Kinsale Capital Group by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider’s stock valued at $683,000 after buying an additional 25 shares in the last quarter. Caprock Group LLC increased its holdings in Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after buying an additional 28 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its position in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 31 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research note on Monday. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial lowered their target price on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and an average price target of $474.38.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $471.97 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The business’s fifty day moving average price is $464.70 and its two-hundred day moving average price is $462.49. The stock has a market cap of $11.00 billion, a PE ratio of 26.53, 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 issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate 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 revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.50 earnings per share. On average, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

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.