California Public Employees Retirement System boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 5.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,011 shares of the financial services provider’s stock after buying an additional 2,584 shares during the period. California Public Employees Retirement System owned approximately 0.22% of Kinsale Capital Group worth $13,029,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of KNSL. Wipfli Financial Advisors LLC acquired a new position in Kinsale Capital Group in the 3rd quarter valued at about $25,000. Lazard Asset Management LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth approximately $31,000. CWM LLC grew its position in shares of Kinsale Capital Group by 183.9% during the 3rd quarter. CWM LLC now owns 264 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 171 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Kinsale Capital Group during the 3rd quarter worth approximately $74,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Kinsale Capital Group during the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 85.97% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on KNSL shares. Royal Bank of Canada increased their target price on shares of Kinsale Capital Group from $275.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Jefferies Financial Group started coverage on shares of Kinsale Capital Group in a research report on Monday, December 12th. They set a “hold” rating and a $295.00 target price on the stock. BMO Capital Markets began coverage on shares of Kinsale Capital Group in a research report on Thursday, January 19th. They set an “underperform” rating and a $230.00 target price on the stock. Truist Financial upped their price target on shares of Kinsale Capital Group from $285.00 to $335.00 in a report on Monday, October 31st. Finally, Compass Point raised shares of Kinsale Capital Group from a “neutral” rating to a “buy” rating and set a $330.00 price target for the company in a report on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target of $308.00.
Kinsale Capital Group Stock Performance
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc is a holding company, which engages in the provision of property and casualty insurance services. It operates the Excess and Surplus Lines Insurance segment. The Excess and Surplus Lines Insurance segment provides commercial excess and surplus lines liability and property insurance products through underwriting divisions.
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