12,031 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by Focus Partners Wealth

Focus Partners Wealth purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,031 shares of the financial services provider’s stock, valued at approximately $5,596,000. Focus Partners Wealth owned approximately 0.05% of Kinsale Capital Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after acquiring an additional 4,644 shares in the last quarter. California Public Employees Retirement System lifted its position in Kinsale Capital Group by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock worth $18,299,000 after acquiring an additional 4,146 shares in the last quarter. Empowered Funds LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth approximately $1,071,000. Charles Schwab Investment Management Inc. lifted its position in Kinsale Capital Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock worth $70,907,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at approximately $1,736,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KNSL shares. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley cut their target price on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reaffirmed 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. Truist Financial cut their target price on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their target price on 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $470.00.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $436.68 on Thursday. The company has a market cap of $10.18 billion, a P/E ratio of 24.55, a PEG ratio of 1.66 and a beta of 1.29. The stock has a fifty day moving average price of $463.93 and a 200 day moving average price of $461.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million during 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 firm’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 EPS. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

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.