Mather Group LLC. Buys 51 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Mather Group LLC. boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 43.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168 shares of the financial services provider’s stock after purchasing an additional 51 shares during the quarter. Mather Group LLC.’s holdings in Kinsale Capital Group were worth $78,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have 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 in the third quarter valued at about $26,000. UMB Bank n.a. boosted its position in shares of Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the period. Signaturefd LLC boosted its position in shares of Kinsale Capital Group by 68.9% in 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. Blue Trust Inc. boosted its position 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 valued at $84,000 after acquiring an additional 136 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Kinsale Capital Group by 219.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 294 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 202 shares during the period. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KNSL. BMO Capital Markets boosted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Truist Financial dropped their price target on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. 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. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley started coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $468.89.

Kinsale Capital Group Stock Down 1.2 %

Shares of NYSE KNSL opened at $488.77 on Friday. 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 company has a market cap of $11.38 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 1.62 and a beta of 1.15. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $548.47. The stock has a 50-day moving average price of $462.82 and a two-hundred day moving average price of $462.42.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Insiders Place Their Bets

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’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 approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction dated 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 sale, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by corporate insiders.

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.