Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 968 shares of the financial services provider’s stock after acquiring an additional 113 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Kinsale Capital Group were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Kinsale Capital Group in the third quarter worth about $26,000. UMB Bank n.a. lifted its stake in Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the period. Signaturefd LLC lifted its stake in Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 42 shares during the period. Finally, Mather Group LLC. lifted its stake in 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 period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insiders Place Their Bets

In other Kinsale Capital Group news, 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 transaction of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at $223,191.57. This represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock valued at $3,618,954 in the last three months. 5.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on KNSL shares. Royal Bank of Canada decreased their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Truist Financial lowered their price target on shares of Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Morgan Stanley initiated coverage on Kinsale Capital Group in a report on Thursday, December 5th. They set an “overweight” rating and a $593.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $468.89.

Kinsale Capital Group Price Performance

KNSL stock opened at $478.06 on Wednesday. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $548.47. 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 firm has a market capitalization of $11.13 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The business has a 50 day simple moving average of $462.15 and a 200-day simple moving average of $465.25.

Kinsale Capital Group Increases Dividend

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

About Kinsale Capital Group

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.