11,000 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Bought by Engle Capital Management L.P.

Engle Capital Management L.P. purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,000 shares of the financial services provider's stock, valued at approximately $5,116,000. Kinsale Capital Group comprises about 1.5% of Engle Capital Management L.P.'s portfolio, making the stock its 21st biggest position.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $89,200,000. Alliancebernstein L.P. boosted its holdings in shares of Kinsale Capital Group by 486.3% during the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock worth $99,559,000 after buying an additional 177,540 shares during the period. Premier Fund Managers Ltd boosted its holdings in shares of Kinsale Capital Group by 20,286.0% during the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after buying an additional 104,270 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Kinsale Capital Group by 1,119.0% during the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock worth $32,885,000 after buying an additional 64,900 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $22,933,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KNSL. Truist Financial reduced their target price 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on shares of 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 reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Morgan Stanley dropped their price objective on shares of 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. Seven 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.com, the company currently has an average rating of "Hold" and a consensus price target of $470.00.

Kinsale Capital Group Trading Down 2.3%

Shares of NYSE:KNSL traded down $10.42 during trading on Tuesday, reaching $446.39. The stock had a trading volume of 231,777 shares, compared to its average volume of 170,131. The firm's fifty day moving average is $463.89 and its 200 day moving average is $461.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Kinsale Capital Group's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 earnings per share. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

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.