Focus Partners Wealth Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Focus Partners Wealth purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,031 shares of the financial services provider's stock, valued at approximately $5,596,000. Focus Partners Wealth owned about 0.05% of Kinsale Capital Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kinsale Capital Group during the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new position in Kinsale Capital Group in the 4th quarter worth $31,000. Larson Financial Group LLC boosted its position in Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares during the period. Allworth Financial LP increased its holdings in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after buying an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

KNSL has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday. Truist Financial reduced their price target 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. JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average price target of $474.38.

Kinsale Capital Group Stock Up 0.1%

KNSL traded up $0.46 during midday trading on Tuesday, reaching $472.66. The company's stock had a trading volume of 64,201 shares, compared to its average volume of 200,378. The stock's 50-day moving average is $464.70 and its 200-day moving average is $462.49. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.66 and a beta of 1.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its 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 firm 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 company's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

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.