Novem Group Purchases Shares of 1,672 Kinsale Capital Group, Inc. (NYSE:KNSL)

Novem Group acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,672 shares of the financial services provider's stock, valued at approximately $778,000.

A number of other hedge funds also recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kinsale Capital Group in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust bought a new position in shares of Kinsale Capital Group in the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its stake in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 74 shares during the period. Allworth Financial LP lifted its stake in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $46,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Performance

KNSL opened at $464.97 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company's fifty day moving average price is $465.64 and its two-hundred day moving average price is $462.60. 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 $10.84 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate 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 company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same period in the previous year, the firm posted $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. 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 report on Monday. 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.

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