Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 21.4% during the 4th quarter, Holdings Channel reports. The fund owned 550 shares of the financial services provider’s stock after selling 150 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Kinsale Capital Group were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $25,000. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group in the third quarter valued at $26,000. UMB Bank n.a. raised its stake in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Signaturefd LLC lifted its holdings in Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after buying an additional 42 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Kinsale Capital Group by 43.6% during the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 1.2 %

NYSE KNSL opened at $488.77 on Monday. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The firm has a market cap of $11.38 billion, a PE ratio of 27.87, a P/E/G ratio of 1.82 and a beta of 1.15. The firm’s fifty day moving average is $462.43 and its two-hundred day moving average is $463.84. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Insider Buying and Selling at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 2,295 shares of the 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 transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction that occurred 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 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 three months, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KNSL shares. Truist Financial decreased their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Wolfe Research upgraded 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 increased their target price 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. JPMorgan Chase & Co. reduced 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, Royal Bank of Canada decreased their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.