DAVENPORT & Co LLC Acquires 44,931 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

DAVENPORT & Co LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 511,869 shares of the financial services provider’s stock after acquiring an additional 44,931 shares during the quarter. Kinsale Capital Group makes up about 1.3% of DAVENPORT & Co LLC’s portfolio, making the stock its 9th largest holding. DAVENPORT & Co LLC owned about 2.20% of Kinsale Capital Group worth $238,193,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KNSL. Westfield Capital Management Co. LP increased its holdings in Kinsale Capital Group by 65.3% in the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after purchasing an additional 58,971 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of 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 during the last quarter. International Assets Investment Management LLC increased its stake in shares of Kinsale Capital Group by 76,986.9% in the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after buying an additional 46,962 shares during the period. Erste Asset Management GmbH bought a new position in shares of Kinsale Capital Group during the third quarter worth about $18,599,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Kinsale Capital Group by 655.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,362 shares of the financial services provider’s stock worth $16,448,000 after acquiring an additional 30,684 shares during the period. Institutional investors own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Stock Up 0.5 %

Shares of NYSE:KNSL opened at $442.55 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current 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 business’s 50 day simple moving average is $466.07 and its two-hundred day simple moving average is $460.52. The firm has a market cap of $10.31 billion, a P/E ratio of 25.23, a PEG ratio of 1.63 and a beta of 1.16.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s payout ratio is currently 3.42%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KNSL shares. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets upped their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Truist Financial cut their target price 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $468.89.

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.