Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,577 shares of the financial services provider’s stock after acquiring an additional 438 shares during the period. Snowden Capital Advisors LLC’s holdings in Kinsale Capital Group were worth $734,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KNSL. Vanguard Group Inc. lifted its position in Kinsale Capital Group by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock valued at $983,137,000 after purchasing an additional 29,553 shares during the period. Geode Capital Management LLC grew its stake 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 worth $254,441,000 after purchasing an additional 16,246 shares during the period. DAVENPORT & Co LLC increased its holdings 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 purchasing an additional 44,931 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 18,661 shares in the last quarter. Finally, DF Dent & Co. Inc. raised its position in shares of Kinsale Capital Group by 8.4% in the fourth quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider’s stock worth $114,218,000 after acquiring an additional 18,946 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Up 1.8%

NYSE KNSL opened at $471.97 on Tuesday. The business has a fifty day moving average price of $464.70 and a 200 day moving average price of $462.49. 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 company has a market cap of $11.00 billion, a P/E ratio of 26.53, a P/E/G 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 earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 earnings per share. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KNSL. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley raised their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the company an “overweight” rating in a report on Monday. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased 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. Finally, Truist Financial cut their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $474.38.

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.