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

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 550 shares of the financial services provider’s stock after selling 150 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Kinsale Capital Group were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

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

Kinsale Capital Group Price Performance

KNSL stock opened at $488.77 on Monday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The business has a fifty day moving average of $462.43 and a two-hundred day moving average of $463.84.

Kinsale Capital Group Announces Dividend

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

Insider Activity at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction 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 sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents 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. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KNSL shares. Wolfe Research upgraded 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. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective for the company. Truist Financial lowered their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target 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.