Captrust Financial Advisors Sells 573 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Captrust Financial Advisors lessened its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,070 shares of the financial services provider's stock after selling 573 shares during the quarter. Captrust Financial Advisors' holdings in Kinsale Capital Group were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after purchasing an additional 4,644 shares during the period. California Public Employees Retirement System raised its stake in shares of Kinsale Capital Group by 11.8% in the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock valued at $18,299,000 after buying an additional 4,146 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $1,071,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $70,907,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $1,736,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

KNSL stock traded up $8.44 during midday trading on Monday, reaching $471.97. 108,086 shares of the company's stock traded hands, compared to its average volume of 170,332. The company has a 50-day simple moving average of $464.26 and a two-hundred day simple moving average of $462.17. 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, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share 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 period last year, the company posted $3.50 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on KNSL shares. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Morgan Stanley raised their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Truist Financial dropped their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $474.38.

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.