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

Howland Capital Management LLC cut its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,215 shares of the financial services provider's stock after selling 1,984 shares during the quarter. Kinsale Capital Group comprises approximately 1.9% of Howland Capital Management LLC's portfolio, making the stock its 14th largest holding. Howland Capital Management LLC owned about 0.39% of Kinsale Capital Group worth $42,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KNSL. Cetera Investment Advisers increased its stake in shares of Kinsale Capital Group by 40.7% during the second quarter. Cetera Investment Advisers now owns 7,064 shares of the financial services provider's stock worth $2,722,000 after acquiring an additional 2,043 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Kinsale Capital Group during the second quarter worth about $481,000. GAMMA Investing LLC increased its stake in shares of Kinsale Capital Group by 35.6% during the third quarter. GAMMA Investing LLC now owns 373 shares of the financial services provider's stock worth $174,000 after acquiring an additional 98 shares during the period. CWM LLC increased its stake 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 period. Finally, UMB Bank n.a. increased its stake in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock worth $28,000 after acquiring an additional 49 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares of the company's stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock valued at $3,618,954 over the last quarter. Corporate insiders own 5.60% of the company's stock.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL traded down $2.37 on Wednesday, hitting $476.78. The company's stock had a trading volume of 176,330 shares, compared to its average volume of 203,733. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The company has a market capitalization of $11.10 billion, a price-to-earnings 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. The stock has a 50 day moving average of $461.71 and a 200-day moving average of $465.49.

Kinsale Capital Group Increases Dividend

The firm 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 dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is 3.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. 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 on the stock in a report on Monday, October 28th. Truist Financial decreased 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 report on Tuesday, January 14th. JPMorgan Chase & Co. decreased 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 report on Friday, January 3rd. Finally, 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 report on Thursday, November 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and an average price target 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.