Shaker Investments LLC OH Acquires 5,072 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Shaker Investments LLC OH increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 107.8% during the fourth quarter, HoldingsChannel reports. The fund owned 9,775 shares of the financial services provider’s stock after acquiring an additional 5,072 shares during the quarter. Kinsale Capital Group makes up about 1.9% of Shaker Investments LLC OH’s portfolio, making the stock its 11th biggest holding. Shaker Investments LLC OH’s holdings in Kinsale Capital Group were worth $4,547,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of 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 period. Avior Wealth Management LLC lifted its stake in 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 purchasing an additional 1,035 shares during the period. Geneva Capital Management LLC grew its stake in shares of Kinsale Capital Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after purchasing an additional 5,207 shares during the period. Swedbank AB raised its holdings in shares of Kinsale Capital Group by 5.0% in the 3rd 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 boosted its stake in 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 in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KNSL. Morgan Stanley began coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They set an “overweight” rating and a $593.00 price objective for the company. Truist Financial reduced their price target on shares of 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. Wolfe Research raised 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 report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and a consensus price target of $468.89.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $485.50 on Tuesday. The firm’s 50 day moving average price is $462.43 and its two-hundred day moving average price is $464.49. The stock has a market cap of $11.31 billion, a PE ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. 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 disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors 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 yield of 0.12%. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction dated 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 approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by company insiders.

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.