Choreo LLC Has $793,000 Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Choreo LLC grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 118.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,704 shares of the financial services provider’s stock after purchasing an additional 923 shares during the quarter. Choreo LLC’s holdings in Kinsale Capital Group were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Kinsale Capital Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after purchasing an additional 29,686 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Kinsale Capital Group by 7,392.9% during the third quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock worth $488,000 after buying an additional 1,035 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Kinsale Capital Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after buying an additional 5,207 shares in the last quarter. Swedbank AB boosted its position in shares of Kinsale Capital Group by 5.0% in the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock valued at $19,582,000 after acquiring an additional 2,010 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Kinsale Capital Group by 75.1% in 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 acquiring an additional 57,460 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Insider Activity

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value 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 $3,672,456.92. This represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,235 shares of company stock worth $3,618,954. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $488.77 on Monday. 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 stock has a market capitalization of $11.38 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The stock has a fifty day moving average of $462.43 and a 200-day moving average of $463.84.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.42%.

Analysts Set New Price Targets

KNSL has been the subject of a number of recent research reports. Royal Bank of Canada cut 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 report on Monday, October 28th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Truist Financial reduced their price target 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. Morgan Stanley started coverage on Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.