543 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 543 shares of the financial services provider’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Kinsale Capital Group during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its position in Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 49 shares during the last quarter. Signaturefd LLC boosted its holdings 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 acquiring an additional 42 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Kinsale Capital Group by 309.1% in the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $442.55 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. The firm has a 50-day moving average price of $466.07 and a 200 day moving average price of $460.52. The firm has a market capitalization of $10.31 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47.

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 given 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 dividend payout ratio (DPR) is presently 3.42%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial lowered their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Jefferies Financial Group increased their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley started coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They set an “overweight” rating and a $593.00 price objective on the stock. Finally, Royal Bank of Canada reduced their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $468.89.

Insider Activity at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now directly owns 447 shares in the company, valued at $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock valued at $3,618,954 in the last 90 days. 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.