Caprock Group LLC Acquires 28 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Caprock Group LLC lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,653 shares of the financial services provider’s stock after acquiring an additional 28 shares during the period. Caprock Group LLC’s holdings in Kinsale Capital Group were worth $769,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Leibman Financial Services Inc. grew its position in Kinsale Capital Group by 0.5% during the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 24 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 25 shares during the last quarter. CWM LLC raised its position in Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Kinsale Capital Group by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider’s stock valued at $754,000 after buying an additional 40 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Wolfe Research raised 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 note on Monday, October 28th. Jefferies Financial Group boosted 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 report on Wednesday, October 9th. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada reduced their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Seven 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $468.89.

Insider Buying and Selling at Kinsale Capital Group

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

Kinsale Capital Group Stock Up 1.7 %

KNSL stock opened at $449.29 on Tuesday. The business’s 50-day moving average price is $466.07 and its 200-day moving average price is $460.99. The stock has a market cap of $10.46 billion, a P/E ratio of 25.61, a PEG ratio of 1.62 and a beta of 1.16. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group Announces Dividend

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

Kinsale Capital Group Company 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.