Mount Yale Investment Advisors LLC Acquires 203 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Mount Yale Investment Advisors LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.9% during the 4th quarter, HoldingsChannel reports. The fund owned 739 shares of the financial services provider’s stock after buying an additional 203 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Kinsale Capital Group were worth $344,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Westfield Capital Management Co. LP lifted its holdings in shares of Kinsale Capital Group by 65.3% during 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 last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Kinsale Capital Group by 75.1% during the third 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 lifted its position in Kinsale Capital Group by 76,986.9% during 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 purchasing an additional 46,962 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Kinsale Capital Group in the 3rd quarter worth $18,599,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Kinsale Capital Group by 655.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,362 shares of the financial services provider’s stock valued at $16,448,000 after purchasing an additional 30,684 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.3 %

KNSL stock opened at $443.64 on Thursday. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.61 and a beta of 1.16. 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, Inc. has a 1-year low of $355.12 and a 1-year high of $548.47. The business has a 50 day simple moving average of $468.93 and a two-hundred day simple moving average of $460.06.

Kinsale Capital Group Announces Dividend

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

Insider Buying and Selling at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the sale, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group 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 transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,235 shares of company stock worth $3,618,954. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on KNSL shares. Jefferies Financial Group increased their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets boosted their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group 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.