956 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Financial Advocates Investment Management

Financial Advocates Investment Management purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 956 shares of the financial services provider's stock, valued at approximately $445,000.

Other hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in Kinsale Capital Group by 4.6% during the fourth 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 in the last quarter. Caprock Group LLC raised its position in Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after purchasing an additional 28 shares in the last quarter. CWM LLC increased its holdings 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 buying an additional 33 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Kinsale Capital Group by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock worth $355,000 after buying an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Kinsale Capital Group by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider's stock worth $754,000 after buying an additional 40 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KNSL has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They set an "overweight" rating and a $593.00 price target for the company. BMO Capital Markets boosted their price objective on shares of 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. Truist Financial reduced their price objective on shares of 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. JPMorgan Chase & Co. reduced 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 note on Friday, January 3rd. Finally, Royal Bank of Canada reduced their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a research note on Monday, October 28th. Seven investment 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.

Insider Buying and Selling at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 2,295 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the sale, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 in the last three months. Company insiders own 5.60% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded down $2.37 on Wednesday, reaching $476.78. 176,330 shares of the company traded hands, compared to its average volume of 203,733. The company has a 50 day moving average of $461.71 and a 200 day moving average of $465.49. 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 52 week low of $355.12 and a 52 week high of $548.47. The firm has a market capitalization of $11.10 billion, a PE ratio of 27.18, a PEG ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group Increases Dividend

The company also recently declared 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 represents a $0.68 annualized dividend and a yield of 0.14%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.42%.

Kinsale Capital Group 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.