1,910 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by Peterson Wealth Services

Peterson Wealth Services acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,910 shares of the financial services provider’s stock, valued at approximately $889,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP increased its stake in Kinsale Capital Group by 65.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after buying an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after acquiring an additional 57,460 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Kinsale Capital Group by 76,986.9% in the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after acquiring an additional 46,962 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after buying an additional 44,931 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $18,599,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Trading Down 0.8 %

Shares of KNSL stock opened at $485.50 on Tuesday. The firm’s 50 day moving average is $462.43 and its 200 day moving average is $464.49. The stock has a market capitalization of $11.31 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.82 and a beta of 1.15. 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.

Kinsale Capital Group Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction on 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 directly owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KNSL shares. 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 on the stock in a research report on Tuesday, January 14th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered 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. Finally, Royal Bank of Canada dropped 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.