Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,782 shares of the financial services provider’s stock after selling 329 shares during the period. Yousif Capital Management LLC’s holdings in Kinsale Capital Group were worth $3,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC boosted its position in shares of Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 25 shares during the period. Caprock Group LLC boosted its holdings in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 28 shares during the period. CWM LLC grew its position in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 33 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Kinsale Capital Group by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KNSL. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a report on Monday, October 28th. Morgan Stanley started coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They set an “overweight” rating and a $593.00 price objective for the company. Truist Financial lowered their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada cut their price target on 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. 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, Kinsale Capital Group has an average rating of “Hold” and an average target price of $468.89.

Insider Activity

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the business’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 sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares of the company’s stock, valued at approximately $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 worth $3,618,954 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Stock Down 1.2 %

Kinsale Capital Group stock opened at $488.77 on Friday. The stock’s 50 day moving average price is $462.82 and its 200 day moving average price is $462.42. The company has a market cap of $11.38 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $548.47.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 (DPR) is presently 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.