Gotham Asset Management LLC Grows Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Gotham Asset Management LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,144 shares of the financial services provider's stock after buying an additional 682 shares during the quarter. Gotham Asset Management LLC's holdings in Kinsale Capital Group were worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of KNSL. Norges Bank bought a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $89,200,000. Alliancebernstein L.P. lifted its position 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 in the last quarter. Premier Fund Managers Ltd lifted its position 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 in the last quarter. Handelsbanken Fonder AB lifted its position 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 in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $22,933,000. Institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial decreased 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 research note on Monday, April 28th. Morgan Stanley raised their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $484.57.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded down $11.38 during mid-day trading on Wednesday, reaching $464.97. The company's stock had a trading volume of 176,154 shares, compared to its average volume of 170,695. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The company has a market capitalization of $10.84 billion, a P/E ratio of 26.14, a PEG ratio of 1.66 and a beta of 1.29. 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 firm's fifty day moving average price is $465.45 and its two-hundred day moving average price is $462.59.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data 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 net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same period in the previous year, the business earned $3.50 EPS. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict 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.