Kinsale Capital Group, Inc. (NYSE:KNSL) Stake Boosted by Port Capital LLC

Port Capital LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,888 shares of the financial services provider's stock after purchasing an additional 1,075 shares during the period. Kinsale Capital Group accounts for 2.3% of Port Capital LLC's portfolio, making the stock its 19th biggest position. Port Capital LLC owned approximately 0.46% of Kinsale Capital Group worth $49,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in Kinsale Capital Group by 34.4% during the 3rd quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock worth $5,480,000 after acquiring an additional 3,014 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kinsale Capital Group by 7.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,195 shares of the financial services provider's stock worth $1,022,000 after acquiring an additional 157 shares during the period. Park Avenue Securities LLC boosted its stake in Kinsale Capital Group by 19.1% during the fourth quarter. Park Avenue Securities LLC now owns 2,670 shares of the financial services provider's stock valued at $1,242,000 after buying an additional 429 shares in the last quarter. Outlook Wealth Advisors LLC bought a new stake in Kinsale Capital Group in the fourth quarter worth about $459,000. Finally, Argent Capital Management LLC acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $1,736,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on KNSL. Morgan Stanley decreased their target price on Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada restated 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 Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Truist Financial decreased their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $470.00.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $436.68 on Thursday. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The company's 50-day moving average is $463.93 and its two-hundred day moving average is $461.36. 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 has a market cap of $10.18 billion, a PE ratio of 24.55, a PEG ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

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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