Janus Henderson Group PLC Has $59.93 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Janus Henderson Group PLC lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,830 shares of the financial services provider's stock after purchasing an additional 36,978 shares during the quarter. Janus Henderson Group PLC owned 0.55% of Kinsale Capital Group worth $59,926,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Kinsale Capital Group by 11.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after purchasing an additional 21 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after buying an additional 25 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after buying an additional 25 shares during the period. Caprock Group LLC lifted its holdings in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after buying an additional 28 shares during the period. Finally, Fielder Capital Group LLC lifted its holdings in shares of Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after buying an additional 31 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.8%

Shares of NYSE KNSL traded up $3.48 during mid-day trading on Friday, hitting $463.05. 104,631 shares of the company traded hands, compared to its average volume of 170,462. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year 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. The business has a 50 day moving average of $464.26 and a two-hundred day moving average of $461.71.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results 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 firm 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 firm earned $3.50 earnings per share. Kinsale Capital Group's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Morgan Stanley cut their price objective on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Truist Financial cut their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, 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. Seven 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.com, 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.