Kinsale Capital Group, Inc. (NYSE:KNSL) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 60.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 659 shares of the financial services provider’s stock after purchasing an additional 247 shares during the quarter. SG Americas Securities LLC’s holdings in Kinsale Capital Group were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its holdings in shares of Kinsale Capital Group by 65.3% during the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after acquiring an additional 58,971 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Kinsale Capital Group by 75.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock valued at $62,375,000 after purchasing an additional 57,460 shares during the last quarter. International Assets Investment Management LLC lifted its position in 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 purchasing an additional 46,962 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Kinsale Capital Group during the 3rd quarter valued at about $18,599,000. Finally, Geode Capital Management LLC grew its position in Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after purchasing an additional 29,686 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction on 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 directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock valued at $3,618,954 in the last quarter. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on Kinsale Capital Group in a report on Thursday, December 5th. They set an “overweight” rating and a $593.00 price target on the stock. Wolfe Research raised 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 note on Monday, October 28th. Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. 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 report on Monday, October 28th. Finally, 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 report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $468.89.

Kinsale Capital Group Trading Up 1.7 %

Shares of KNSL stock opened at $457.89 on Wednesday. The stock has a 50-day simple moving average of $464.92 and a 200 day simple moving average of $461.42. The stock has a market capitalization of $10.66 billion, a P/E ratio of 26.11, a P/E/G ratio of 1.62 and a beta of 1.16. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

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.