Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,759 shares of the financial services provider's stock after selling 6,813 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.08% of Kinsale Capital Group worth $9,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC increased its stake in 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 worth $35,000 after acquiring an additional 74 shares during the last quarter. Allworth Financial LP increased its stake in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group in the 4th quarter worth approximately $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their target price 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 dropped their target price 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and a consensus price target of $470.00.

Kinsale Capital Group Stock Up 0.8%

Shares of NYSE KNSL traded up $3.48 during mid-day trading on Friday, reaching $463.05. 104,631 shares of the company were exchanged, compared to its average volume of 170,582. 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 stock has a market cap of $10.79 billion, a price-to-earnings ratio of 26.03, a P/E/G 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 firm has a 50-day moving average of $464.26 and a 200 day moving average of $461.94.

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

Kinsale Capital Group Company 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.