Axxcess Wealth Management LLC Invests $224,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group during the first quarter worth about $25,000. Russell Investments Group Ltd. grew its position 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 worth $19,588,000 after purchasing an additional 11,451 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Kinsale Capital Group in the 1st quarter worth about $223,000. Cumberland Partners Ltd grew its position in Kinsale Capital Group by 50.0% in the 1st quarter. Cumberland Partners Ltd now owns 1,500 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 500 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in Kinsale Capital Group in the 1st quarter worth about $305,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KNSL shares. Jefferies Financial Group upped their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock 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 objective for the company in a research report on Monday, October 28th. Royal Bank of Canada dropped their target price 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. JPMorgan Chase & Co. dropped their target price 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. Finally, Truist Financial dropped 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 note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $455.88.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $473.41 on Friday. The stock has a market capitalization of $11.02 billion, a P/E ratio of 27.19, a PEG ratio of 2.03 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $458.10 and its 200 day moving average is $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 results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Kinsale Capital Group’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

About Kinsale Capital Group

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.