GSA Capital Partners LLP Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

GSA Capital Partners LLP purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,440 shares of the financial services provider’s stock, valued at approximately $1,136,000.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in Kinsale Capital Group in the 1st quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of Kinsale Capital Group in the 3rd quarter valued at $26,000. UMB Bank n.a. lifted its stake in shares of Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. Finally, Signaturefd LLC grew its position in Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the subject of a number of research reports. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a report on Monday, October 28th. Jefferies Financial Group raised their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, Truist Financial cut their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $473.41 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $458.10 and its two-hundred day simple moving average is $427.57. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The stock has a market capitalization of $11.02 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.31 EPS. As a group, analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current 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.