Shaker Investments LLC OH Has $4.55 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Shaker Investments LLC OH lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 107.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,775 shares of the financial services provider's stock after acquiring an additional 5,072 shares during the period. Kinsale Capital Group accounts for about 1.9% of Shaker Investments LLC OH's investment portfolio, making the stock its 11th largest position. Shaker Investments LLC OH's holdings in Kinsale Capital Group were worth $4,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in shares of Kinsale Capital Group by 4.6% in 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 during the period. Caprock Group LLC raised its holdings in Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after acquiring an additional 28 shares during the period. CWM LLC lifted its position in Kinsale Capital Group by 8.8% during the 3rd 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 boosted its holdings in 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 valued at $355,000 after acquiring an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in 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 valued at $754,000 after acquiring an additional 40 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded down $47.65 during trading on Friday, hitting $439.46. 511,803 shares of the company's stock traded hands, compared to its average volume of 210,765. The company has a market cap of $10.24 billion, a PE ratio of 25.12, a PEG ratio of 1.82 and a beta of 1.15. The firm's fifty day moving average price is $461.05 and its 200 day moving average price is $465.71. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. 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 (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating 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%. Analysts forecast that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.42%.

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 stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the business's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KNSL shares. 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 research report on Thursday, November 21st. Truist Financial cut their price target on Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada lowered 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. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday. Finally, 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 report on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $460.78.

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.