Pathstone Holdings LLC Cuts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Pathstone Holdings LLC lessened its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,362 shares of the financial services provider's stock after selling 1,306 shares during the quarter. Pathstone Holdings LLC owned about 0.08% of Kinsale Capital Group worth $8,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new position in Kinsale Capital Group in the fourth quarter valued at about $31,000. Larson Financial Group LLC increased its stake in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after buying an additional 74 shares during the last quarter. Allworth Financial LP raised its stake in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Kinsale Capital Group during the fourth quarter worth $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Morgan Stanley raised their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Truist Financial cut their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $474.38.

Kinsale Capital Group Trading Up 1.0%

Shares of KNSL stock traded up $4.58 during mid-day trading on Tuesday, reaching $476.78. The stock had a trading volume of 233,463 shares, compared to its average volume of 170,674. Kinsale Capital Group, Inc. has a 52-week low of $366.92 and a 52-week high of $531.79. 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 stock's 50-day moving average price is $464.70 and its two-hundred day moving average price is $462.49. The firm has a market capitalization of $11.11 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly 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 company had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal 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.