Stephens Investment Management Group LLC Acquires 19,057 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Stephens Investment Management Group LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,038 shares of the financial services provider’s stock after buying an additional 19,057 shares during the period. Kinsale Capital Group accounts for about 1.1% of Stephens Investment Management Group LLC’s portfolio, making the stock its 25th largest holding. Stephens Investment Management Group LLC’s holdings in Kinsale Capital Group were worth $80,020,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Westfield Capital Management Co. LP boosted its position in Kinsale Capital Group by 65.3% during the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after purchasing an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kinsale Capital Group by 75.1% in the 3rd 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. International Assets Investment Management LLC grew its stake in shares of Kinsale Capital Group by 76,986.9% in the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after buying an additional 46,962 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after buying an additional 44,931 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Kinsale Capital Group during the third quarter worth $18,599,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $488.77 on Friday. The stock has a market capitalization of $11.38 billion, a PE ratio of 27.87, a P/E/G ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day moving average price of $462.43 and a two-hundred day moving average price of $463.22.

Kinsale Capital Group Announces Dividend

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

Insider Transactions at Kinsale Capital Group

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, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,235 shares of company stock valued at $3,618,954. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped 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 report on Thursday, November 21st. Royal Bank of Canada reduced their target price on 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. Truist Financial decreased 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. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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 stock. Based on data from MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and an average target price of $468.89.

Kinsale Capital Group Company 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.