Kinsale Capital Group, Inc. (NYSE:KNSL) Stake Lifted by Davidson Capital Management Inc.

Davidson Capital Management Inc. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,519 shares of the financial services provider’s stock after purchasing an additional 318 shares during the period. Kinsale Capital Group accounts for about 0.9% of Davidson Capital Management Inc.’s holdings, making the stock its 27th biggest holding. Davidson Capital Management Inc.’s holdings in Kinsale Capital Group were worth $3,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in Kinsale Capital Group during the third quarter worth approximately $26,000. UMB Bank n.a. grew its position in 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 worth $28,000 after buying an additional 49 shares during the last quarter. Signaturefd LLC increased its holdings 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 buying an additional 42 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Kinsale Capital Group by 43.6% during the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares of the company’s stock, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % 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 three months. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 1.3 %

Shares of NYSE:KNSL opened at $478.06 on Wednesday. The firm has a fifty day moving average of $462.15 and a two-hundred day moving average of $465.25. 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, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The firm has a market capitalization of $11.13 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is 3.42%.

Analyst Ratings Changes

KNSL has been the topic of a number of recent research reports. Royal Bank of Canada decreased their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. BMO Capital Markets lifted their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Truist Financial reduced their price objective on shares of 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 shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. reduced their price target 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $468.89.

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.