Geneos Wealth Management Inc. Boosts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Geneos Wealth Management Inc. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 219.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 294 shares of the financial services provider’s stock after acquiring an additional 202 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Kinsale Capital Group were worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KNSL. ORG Wealth Partners LLC acquired a new position in Kinsale Capital Group in the 3rd quarter valued at about $26,000. UMB Bank n.a. grew its holdings in shares of 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 worth $28,000 after buying an additional 49 shares in the last quarter. Signaturefd LLC lifted its stake in shares of 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 buying an additional 42 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 79 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $55,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,235 shares of company stock valued at $3,618,954. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 0.8 %

Shares of NYSE KNSL opened at $440.39 on Friday. The stock has a fifty day moving average price of $468.22 and a 200 day moving average price of $459.94. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The company has a market cap of $10.26 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.61 and a beta of 1.16.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued 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 0.14%. Kinsale Capital Group’s payout ratio is currently 3.42%.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada decreased their price target on 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. Jefferies Financial Group upped their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $468.89.

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.