Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Ethic Inc.

Ethic Inc. cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 48.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 451 shares of the financial services provider’s stock after selling 431 shares during the period. Ethic Inc.’s holdings in Kinsale Capital Group were worth $210,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LPL Financial LLC increased its position in shares of Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after purchasing an additional 4,644 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock worth $18,299,000 after purchasing an additional 4,146 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $1,071,000. Charles Schwab Investment Management Inc. increased its position in shares of Kinsale Capital Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock worth $70,907,000 after purchasing an additional 3,970 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at $46,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 0.8%

Shares of Kinsale Capital Group stock opened at $463.05 on Friday. The firm has a 50-day simple moving average of $464.26 and a two-hundred day simple moving average of $461.94. The company 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. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week 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.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data 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 net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KNSL has been the topic of a number of research analyst reports. Morgan Stanley dropped their price objective on shares of 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 dropped their price objective 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. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target 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. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.