Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Man Group plc

Man Group plc trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 37.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,222 shares of the financial services provider's stock after selling 18,648 shares during the quarter. Man Group plc owned about 0.13% of Kinsale Capital Group worth $14,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in Kinsale Capital Group in the 4th quarter valued at about $1,366,000. Nuveen Asset Management LLC raised its position in shares of Kinsale Capital Group by 1.2% during the 4th quarter. Nuveen Asset Management LLC now owns 103,497 shares of the financial services provider's stock valued at $48,140,000 after buying an additional 1,265 shares during the period. Janus Henderson Group PLC lifted its holdings in Kinsale Capital Group by 40.3% in the fourth quarter. Janus Henderson Group PLC now owns 128,830 shares of the financial services provider's stock valued at $59,926,000 after acquiring an additional 36,978 shares during the last quarter. Gotham Asset Management LLC grew its position in Kinsale Capital Group by 46.6% in the fourth quarter. Gotham Asset Management LLC now owns 2,144 shares of the financial services provider's stock worth $997,000 after acquiring an additional 682 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Kinsale Capital Group during the fourth quarter worth $5,596,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Down 2.4%

Shares of KNSL stock traded down $11.38 on Wednesday, reaching $464.97. 176,154 shares of the stock were exchanged, compared to its average volume of 170,695. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The stock has a market cap of $10.84 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $465.45 and a two-hundred day moving average of $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 the consensus estimate 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 business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period in the previous year, the company posted $3.50 EPS. The company's revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KNSL. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial lowered 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. Morgan Stanley lifted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company 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 report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $484.57.

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.