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

Jacobs Levy Equity Management Inc. reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,759 shares of the financial services provider’s stock after selling 6,813 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Kinsale Capital Group were worth $9,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its holdings in shares of 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 acquiring an additional 74 shares during the last quarter. Allworth Financial LP increased 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. acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 2.3%

KNSL stock opened at $446.39 on Wednesday. Kinsale Capital Group, Inc. has a twelve month low of $366.92 and a twelve month high of $531.79. The company has a market cap of $10.41 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The business’s 50-day simple moving average is $464.11 and its 200 day simple moving average is $461.53. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results 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 business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same period last year, the business earned $3.50 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts anticipate 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 analyst reports. Morgan Stanley lowered their price objective 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. Truist Financial lowered their price target on 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. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $470.00.

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.