BNP Paribas Financial Markets Sells 9,219 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

BNP Paribas Financial Markets lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 53.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,184 shares of the financial services provider’s stock after selling 9,219 shares during the quarter. BNP Paribas Financial Markets’ holdings in Kinsale Capital Group were worth $3,807,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Kinsale Capital Group by 105.9% in the fourth quarter. Ameriprise Financial Inc. now owns 89,253 shares of the financial services provider’s stock worth $41,509,000 after buying an additional 45,896 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Kinsale Capital Group by 33.9% in the fourth quarter. Algert Global LLC now owns 15,537 shares of the financial services provider’s stock worth $7,227,000 after buying an additional 3,936 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth approximately $54,000. AXA S.A. boosted its holdings in shares of Kinsale Capital Group by 75.5% in the fourth quarter. AXA S.A. now owns 3,213 shares of the financial services provider’s stock worth $1,494,000 after buying an additional 1,382 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Kinsale Capital Group by 135.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,086 shares of the financial services provider’s stock worth $970,000 after buying an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KNSL. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Truist Financial lowered their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Morgan Stanley lowered their price target on shares of Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $470.00.

Kinsale Capital Group Trading Down 2.2%

Kinsale Capital Group stock opened at $436.68 on Thursday. The stock has a market cap of $10.18 billion, a P/E ratio of 24.55, a PEG ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The firm’s 50 day moving average price is $463.93 and its 200-day moving average price is $461.36.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 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.