Ensign Peak Advisors Inc Sells 8,244 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Ensign Peak Advisors Inc lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,344 shares of the financial services provider's stock after selling 8,244 shares during the quarter. Ensign Peak Advisors Inc owned about 0.34% of Kinsale Capital Group worth $36,440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $31,000. Larson Financial Group LLC boosted its position in shares of Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after acquiring an additional 74 shares in the last quarter. Allworth Financial LP boosted its position in shares of Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $46,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 2.2%

Kinsale Capital Group stock traded down $9.66 during midday trading on Wednesday, hitting $436.68. 171,649 shares of the stock were exchanged, compared to its average volume of 170,058. 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 capitalization of $10.18 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The business's 50-day moving average price is $464.11 and its 200-day moving average price is $461.53. 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 - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share 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 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 firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 earnings per share. On average, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on KNSL. 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. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Truist Financial reduced 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $470.00.

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.