Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Spyglass Capital Management LLC

Spyglass Capital Management LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 35.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 119,895 shares of the financial services provider's stock after acquiring an additional 31,547 shares during the period. Kinsale Capital Group comprises approximately 3.1% of Spyglass Capital Management LLC's holdings, making the stock its 20th biggest holding. Spyglass Capital Management LLC owned 0.51% of Kinsale Capital Group worth $55,767,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Kinsale Capital Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after buying an additional 29,553 shares during the period. Geode Capital Management LLC grew its stake in shares of Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after buying an additional 16,246 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock valued at $238,193,000 after buying an additional 44,931 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Kinsale Capital Group by 6.0% during the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock valued at $153,305,000 after buying an additional 18,661 shares during the period. Finally, DF Dent & Co. Inc. lifted its holdings in shares of Kinsale Capital Group by 8.4% during the 4th quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider's stock valued at $114,218,000 after acquiring an additional 18,946 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Down 2.4%

Shares of KNSL traded down $11.12 during midday trading on Thursday, hitting $452.92. The company had a trading volume of 156,100 shares, compared to its average volume of 171,062. The company's 50 day moving average price is $465.64 and its 200 day moving average price is $462.60. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. 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 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. 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 quarter in the previous year, the firm earned $3.50 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley boosted their price objective 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 cut their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus target price of $484.57.

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.