SG Americas Securities LLC Has $307,000 Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

SG Americas Securities LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 60.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659 shares of the financial services provider’s stock after acquiring an additional 247 shares during the quarter. SG Americas Securities LLC’s holdings in Kinsale Capital Group were worth $307,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Westfield Capital Management Co. LP grew its position in Kinsale Capital Group by 65.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock worth $69,471,000 after purchasing an additional 58,971 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Kinsale Capital Group by 75.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after buying an additional 57,460 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Kinsale Capital Group by 76,986.9% during the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after buying an additional 46,962 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Kinsale Capital Group during the third quarter valued at $18,599,000. Finally, Geode Capital Management LLC lifted its stake in Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after acquiring an additional 29,686 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KNSL shares. BMO Capital Markets lifted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Morgan Stanley started coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They set an “overweight” rating and a $593.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Truist Financial lowered their price target on shares of Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $468.89.

Kinsale Capital Group Stock Up 1.7 %

KNSL stock opened at $457.89 on Wednesday. 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 has a market cap of $10.66 billion, a PE ratio of 26.11, a PEG ratio of 1.62 and a beta of 1.16. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $548.47. The company has a fifty day simple moving average of $464.92 and a 200 day simple moving average of $461.42.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insider Transactions at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by corporate insiders.

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.