Apple Inc. (NASDAQ:AAPL) Shares Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. grew its holdings in Apple Inc. (NASDAQ:AAPL) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,774 shares of the iPhone maker’s stock after acquiring an additional 4,705 shares during the quarter. Apple accounts for 2.5% of Kinsale Capital Group Inc.’s portfolio, making the stock its 7th largest holding. Kinsale Capital Group Inc.’s holdings in Apple were worth $8,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lantz Financial LLC grew its holdings in shares of Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after purchasing an additional 2,361 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in Apple by 7.4% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,422 shares of the iPhone maker’s stock worth $2,406,000 after purchasing an additional 787 shares during the period. Pathway Financial Advisors LLC boosted its stake in Apple by 0.5% during the second quarter. Pathway Financial Advisors LLC now owns 21,243 shares of the iPhone maker’s stock worth $4,474,000 after buying an additional 104 shares in the last quarter. LVZ Inc. boosted its stake in Apple by 21.5% during the second quarter. LVZ Inc. now owns 23,892 shares of the iPhone maker’s stock worth $5,032,000 after buying an additional 4,234 shares in the last quarter. Finally, JB Capital LLC increased its holdings in Apple by 14.0% in the 2nd quarter. JB Capital LLC now owns 150,216 shares of the iPhone maker’s stock valued at $31,638,000 after buying an additional 18,429 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.4 %

Shares of NASDAQ AAPL opened at $222.78 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.35 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company’s 50 day simple moving average is $240.97 and its 200 day simple moving average is $230.72.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Analysts Set New Price Targets

A number of research firms have recently commented on AAPL. Rosenblatt Securities raised their price objective on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.