Kinsale Capital Group, Inc. (NYSE:KNSL) Position Cut by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,759 shares of the financial services provider’s stock after selling 6,813 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.08% of Kinsale Capital Group worth $9,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group in the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new position in Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC grew its holdings in Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after buying an additional 74 shares in the last quarter. Allworth Financial LP grew its holdings in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Kinsale Capital Group in the 4th quarter worth approximately $46,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Stock Performance

KNSL opened at $446.39 on Wednesday. The business has a fifty day simple moving average of $464.11 and a 200-day simple moving average of $461.53. The firm has a market cap of $10.41 billion, a PE ratio of 25.09, a P/E/G ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same quarter in the prior year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price target on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. 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, Truist Financial decreased their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.