Baron Wealth Management LLC Sells 42 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Baron Wealth Management LLC lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 550 shares of the financial services provider’s stock after selling 42 shares during the period. Baron Wealth Management LLC’s holdings in Kinsale Capital Group were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNSL. Swedbank AB lifted its position in Kinsale Capital Group by 14.3% during the 4th quarter. Swedbank AB now owns 48,065 shares of the financial services provider’s stock worth $22,356,000 after buying an additional 6,005 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Kinsale Capital Group by 7.4% during the fourth quarter. Hantz Financial Services Inc. now owns 1,611 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 111 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of Kinsale Capital Group by 37.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 739 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 203 shares in the last quarter. KBC Group NV lifted its holdings in Kinsale Capital Group by 48.6% during the 4th quarter. KBC Group NV now owns 868 shares of the financial services provider’s stock worth $404,000 after buying an additional 284 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Kinsale Capital Group by 54.4% during the fourth quarter. Blue Trust Inc. now owns 278 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by insiders.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $443.64 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The stock has a market capitalization of $10.33 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a 50 day moving average of $468.93 and a 200-day moving average of $460.06.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given 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 dividend payout ratio (DPR) is presently 3.42%.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several analyst reports. Morgan Stanley assumed 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. BMO Capital Markets lifted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada cut their target price 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. Finally, Truist Financial lowered their price objective on shares of Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $468.89.

About Kinsale Capital Group

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.