Zions Bancorporation N.A. Raises Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Zions Bancorporation N.A. increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 18.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,351 shares of the financial services provider’s stock after acquiring 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Benjamin Edwards Inc. lifted its holdings in shares of Kinsale Capital Group by 9.9% during the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 24 shares in the last quarter. Leibman Financial Services Inc. boosted its holdings in shares of Kinsale Capital Group by 0.5% during the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 24 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 28 shares during the period. CWM LLC raised its holdings in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 33 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in Kinsale Capital Group by 3.1% during the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

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

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $476.92 on Thursday. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.03 and a beta of 1.09. 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 stock’s 50-day simple moving average is $458.07 and its 200-day simple moving average is $427.22. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week 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 net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same period last year, the firm posted $3.31 EPS. The company’s revenue was up 33.0% on a year-over-year basis. As a group, analysts expect that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

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.