Choreo LLC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 118.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,704 shares of the financial services provider's stock after acquiring an additional 923 shares during the period. Choreo LLC's holdings in Kinsale Capital Group were worth $793,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP grew its stake 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 during the period. Allspring Global Investments Holdings LLC grew its position in Kinsale Capital Group by 75.1% during 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 buying an additional 57,460 shares during the period. International Assets Investment Management LLC increased its holdings in Kinsale Capital Group by 76,986.9% in the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider's stock valued at $21,892,000 after buying an additional 46,962 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock valued at $238,193,000 after acquiring an additional 44,931 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in shares of Kinsale Capital Group during the 3rd quarter worth approximately $18,599,000. Hedge funds and other institutional investors own 85.36% of the company's stock.
Insider Transactions at Kinsale Capital Group
In related news, Director James Joseph Ritchie sold 2,295 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now directly 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. Over the last ninety days, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by insiders.
Kinsale Capital Group Stock Up 2.0 %
Shares of NYSE:KNSL traded up $9.67 during midday trading on Thursday, hitting $486.34. 136,325 shares of the company's stock traded hands, compared to its average volume of 201,407. The firm's fifty day moving average price is $461.29 and its two-hundred day moving average price is $465.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The company has a market cap of $11.33 billion, a PE ratio of 27.73, a P/E/G ratio of 1.82 and a beta of 1.15.
Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. On average, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 15.67 EPS for the current fiscal year.
Kinsale Capital Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.42%.
Analysts Set New Price Targets
KNSL has been the subject of several research reports. BMO Capital Markets lifted their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research note on Thursday, November 21st. 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 report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Truist Financial decreased 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. Finally, Morgan Stanley initiated coverage on Kinsale Capital Group in a research report on Thursday, December 5th. They issued an "overweight" rating and a $593.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $468.89.
Check Out Our Latest Research Report on KNSL
Kinsale Capital Group Company Profile
(
Free Report)
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.
Further Reading

Before you consider Kinsale Capital Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinsale Capital Group wasn't on the list.
While Kinsale Capital Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report