Zions Bancorporation N.A. Purchases 842 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Zions Bancorporation N.A. boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,351 shares of the financial services provider’s stock after purchasing an additional 842 shares during the period. Zions Bancorporation N.A.’s holdings in Kinsale Capital Group were worth $2,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Headlands Technologies LLC acquired a new position in Kinsale Capital Group during the 1st quarter worth about $25,000. Russell Investments Group Ltd. lifted its stake in Kinsale Capital Group by 44.3% in the 1st quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider’s stock valued at $19,588,000 after purchasing an additional 11,451 shares during the last quarter. US Bancorp DE increased its holdings in shares of Kinsale Capital Group by 159.4% during the 1st quarter. US Bancorp DE now owns 10,904 shares of the financial services provider’s stock worth $5,722,000 after acquiring an additional 6,701 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Kinsale Capital Group in the first quarter valued at about $223,000. Finally, Cumberland Partners Ltd lifted its position in Kinsale Capital Group by 50.0% during the first quarter. Cumberland Partners Ltd now owns 1,500 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 500 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $476.92 on Thursday. The company has a market cap of $11.11 billion, a PE ratio of 27.19, a P/E/G ratio of 2.03 and a beta of 1.09. The business has a 50 day moving average of $458.07 and a 200 day moving average of $427.22. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same period last year, the company posted $3.31 EPS. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KNSL shares. Truist Financial decreased their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research 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 for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group lifted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada cut 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 report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $455.88.

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.