Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,782 shares of the financial services provider’s stock after selling 329 shares during the quarter. Yousif Capital Management LLC’s holdings in Kinsale Capital Group were worth $3,620,000 at the end of the most recent reporting period.

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

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,235 shares of company stock valued at $3,618,954. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 1.2 %

KNSL opened at $488.77 on Friday. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $548.47. The firm has a 50 day moving average price of $462.82 and a 200 day moving average price of $462.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $11.38 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.

Kinsale Capital Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. 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 target price on the stock. Wolfe Research raised 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. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, BMO Capital Markets raised their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.