Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 60.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 693 shares of the financial services provider's stock after selling 1,048 shares during the quarter. LRT Capital Management LLC's holdings in Kinsale Capital Group were worth $322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KNSL. Barclays PLC boosted its holdings in Kinsale Capital Group by 34.4% during the third quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock worth $5,480,000 after buying an additional 3,014 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Kinsale Capital Group by 7.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,195 shares of the financial services provider's stock worth $1,022,000 after buying an additional 157 shares in the last quarter. Park Avenue Securities LLC boosted its holdings 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 worth $1,242,000 after buying an additional 429 shares in the last quarter. Outlook Wealth Advisors LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth $459,000. Finally, Argent Capital Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth $1,736,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KNSL shares. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial lowered 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 report on Monday, April 28th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Morgan Stanley cut their target price on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and three have given 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 Price Performance

Shares of KNSL traded up $3.48 during mid-day trading on Friday, hitting $463.05. 104,631 shares of the company were exchanged, compared to its average volume of 170,462. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50 day moving average of $464.26 and a 200-day moving average of $461.71. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly 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. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.50 EPS. Analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

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.