Kinsale Capital Group, Inc. (NYSE:KNSL) Position Increased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,038 shares of the financial services provider's stock after purchasing an additional 19,057 shares during the period. Kinsale Capital Group comprises about 1.1% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 25th largest position. Stephens Investment Management Group LLC owned about 0.74% of Kinsale Capital Group worth $80,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its holdings 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 acquiring an additional 58,971 shares during the period. Allspring Global Investments Holdings LLC increased its position in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider's stock worth $62,375,000 after purchasing an additional 57,460 shares in the last quarter. International Assets Investment Management LLC increased its position in Kinsale Capital Group by 76,986.9% during 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 in the last quarter. DAVENPORT & Co LLC increased its position in 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 worth $238,193,000 after purchasing 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 worth approximately $18,599,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KNSL. Royal Bank of Canada dropped their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Wolfe Research raised shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective for the company in a research report on Monday, October 28th. BMO Capital Markets raised their price target on shares of 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. JPMorgan Chase & Co. decreased 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. Finally, Morgan Stanley began 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Kinsale Capital Group presently has a consensus rating of "Hold" and a consensus price target of $468.89.

Kinsale Capital Group Stock Performance

KNSL traded down $2.37 during trading hours on Wednesday, hitting $476.78. 176,330 shares of the stock were exchanged, 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 12 month low of $355.12 and a 12 month high of $548.47. The stock has a market cap 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.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group's dividend payout ratio (DPR) is 3.42%.

Insider Buying and Selling

In other Kinsale Capital Group 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 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 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 the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock worth $3,618,954 over the last ninety days. 5.60% of the stock is owned by insiders.

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.