Cresset Asset Management LLC Sells 2,268 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cresset Asset Management LLC decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 52.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,042 shares of the financial services provider's stock after selling 2,268 shares during the quarter. Cresset Asset Management LLC's holdings in Kinsale Capital Group were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group during the 4th quarter worth approximately $31,000. Larson Financial Group LLC boosted its position in Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares during the period. Allworth Financial LP boosted its holdings in shares of Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.8%

Kinsale Capital Group stock traded up $3.48 on Friday, hitting $463.05. 104,631 shares of the stock traded hands, compared to its average volume of 170,582. The firm has a market cap of $10.79 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. 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 business's fifty day simple moving average is $464.26 and its 200 day simple moving average is $462.17. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79.

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 EPS 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 company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period last year, the company earned $3.50 earnings per share. Kinsale Capital Group's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of research analyst reports. Truist Financial dropped their price target on shares of 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. 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 research note on Monday, April 28th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Morgan Stanley lowered their price target on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $470.00.

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.