Blue Trust Inc. Has $129,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Blue Trust Inc. increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 54.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278 shares of the financial services provider’s stock after buying an additional 98 shares during the quarter. Blue Trust Inc.’s holdings in Kinsale Capital Group were worth $129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Westfield Capital Management Co. LP grew its holdings in shares of Kinsale Capital Group by 65.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock worth $69,471,000 after purchasing an additional 58,971 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Kinsale Capital Group by 75.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after purchasing an additional 57,460 shares during the period. International Assets Investment Management LLC boosted its stake in Kinsale Capital Group by 76,986.9% during the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock worth $21,892,000 after buying an additional 46,962 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Kinsale Capital Group in the 3rd quarter valued at $18,599,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Kinsale Capital Group by 655.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,362 shares of the financial services provider’s stock valued at $16,448,000 after buying an additional 30,684 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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 owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the company’s 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 sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock worth $3,618,954 over the last three months. 5.60% of the stock is currently owned by company insiders.

Kinsale Capital Group Price Performance

KNSL opened at $485.82 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company’s 50 day simple moving average is $463.84 and its 200-day simple moving average is $462.03. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The stock has a market capitalization of $11.31 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Kinsale Capital Group Announces Dividend

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

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. BMO Capital Markets lifted 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 decreased their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a 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 report on Monday, October 28th. 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. Finally, Royal Bank of Canada lowered their price target on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.