GSA Capital Partners LLP Purchases Shares of 2,440 Kinsale Capital Group, Inc. (NYSE:KNSL)

GSA Capital Partners LLP acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,440 shares of the financial services provider’s stock, valued at approximately $1,136,000.

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

Kinsale Capital Group Stock Performance

KNSL stock opened at $473.41 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $11.02 billion, a PE ratio of 26.99, a P/E/G ratio of 2.03 and a beta of 1.09. The business has a 50 day moving average of $458.10 and a 200-day moving average of $427.57. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47.

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

Analyst Ratings Changes

A number of research firms have weighed in on KNSL. Jefferies Financial Group raised their price objective 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. Truist Financial cut their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price target 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $455.88.

Kinsale Capital Group 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.