Hendershot Investments Inc. Buys 2,266 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Hendershot Investments Inc. raised its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,800 shares of the financial services provider's stock after buying an additional 2,266 shares during the quarter. Hendershot Investments Inc. owned 0.06% of Kinsale Capital Group worth $6,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfield Capital Management Co. LP lifted its position in 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 acquiring an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 57,460 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of 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 worth $21,892,000 after purchasing an additional 46,962 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock worth $238,193,000 after buying an additional 44,931 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Kinsale Capital Group during the 3rd quarter valued at $18,599,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

KNSL stock traded down $2.37 during trading hours on Wednesday, reaching $476.78. The stock had a trading volume of 176,330 shares, compared to its average volume of 203,733. The stock has a 50-day simple moving average of $461.71 and a 200 day simple moving average of $465.49. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The stock has a market capitalization of $11.10 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.82 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Thursday, February 27th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is 3.42%.

Insider Activity at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the company's 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 directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares of the company's stock, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,235 shares of company stock worth $3,618,954. Company insiders own 5.60% of the company's stock.

Analyst Ratings Changes

KNSL has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Wolfe Research upgraded 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. BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a report on Thursday, November 21st. Morgan Stanley started coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They set an "overweight" rating and a $593.00 price target for the company. Finally, Royal Bank of Canada cut 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 report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $468.89.

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.