Axxcess Wealth Management LLC Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Axxcess Wealth Management LLC acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 481 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Kinsale Capital Group during the first quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in Kinsale Capital Group during the third quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Trust Co. of Vermont lifted its position in Kinsale Capital Group by 113.6% during the second 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 last quarter. Finally, Signaturefd LLC lifted its position in Kinsale Capital Group by 68.9% during the third 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 last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Down 0.9 %

Shares of NYSE KNSL 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. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The firm’s fifty day moving average is $458.10 and its 200 day moving average is $427.57. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.03 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last issued 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 company had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the firm earned $3.31 earnings per share. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KNSL shares. Jefferies Financial Group lifted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wolfe Research raised 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. 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 note on Monday, October 28th. Truist Financial decreased their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price target 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. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.