Port Capital LLC Has $49.72 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Port Capital LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,888 shares of the financial services provider’s stock after acquiring an additional 1,075 shares during the quarter. Kinsale Capital Group accounts for 2.3% of Port Capital LLC’s holdings, making the stock its 19th biggest position. Port Capital LLC’s holdings in Kinsale Capital Group were worth $49,717,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its stake in Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock valued at $9,310,000 after purchasing an additional 4,644 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Kinsale Capital Group by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock worth $18,299,000 after acquiring an additional 4,146 shares during the last quarter. Empowered Funds LLC bought a new stake in Kinsale Capital Group in the 4th quarter valued at $1,071,000. Charles Schwab Investment Management Inc. lifted its holdings in Kinsale Capital Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock valued at $70,907,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at $1,736,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Stock Performance

KNSL stock opened at $436.68 on Thursday. The business has a 50 day moving average of $463.93 and a 200-day moving average of $461.36. The firm has a market cap of $10.18 billion, a PE ratio of 24.55, a P/E/G ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. 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 issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same quarter last year, the business posted $3.50 EPS. Kinsale Capital Group’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Analyst Ratings Changes

KNSL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research note 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 set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. 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 research note on Thursday, May 1st. Finally, Truist Financial cut their target price 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.