Fortress Financial Solutions LLC Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Fortress Financial Solutions LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 774 shares of the financial services provider’s stock, valued at approximately $360,000.

Other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its stake in shares of Kinsale Capital Group by 65.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after buying an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Kinsale Capital Group by 75.1% during 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 acquiring an additional 57,460 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Kinsale Capital Group by 76,986.9% during the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after acquiring an additional 46,962 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after acquiring an additional 44,931 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Kinsale Capital Group in the 3rd quarter worth about $18,599,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Stock Performance

KNSL stock opened at $478.06 on Wednesday. The stock’s fifty day moving average is $462.15 and its two-hundred day moving average is $465.25. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.82 and a beta of 1.15. 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 1 year low of $355.12 and a 1 year high of $548.47.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.17 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio is 3.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KNSL shares. Royal Bank of Canada decreased their price target 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. BMO Capital Markets lifted their target price on 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. JPMorgan Chase & Co. dropped 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. Morgan Stanley assumed 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. Finally, Truist Financial dropped their target price on shares of Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Seven equities 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, Kinsale Capital Group currently has an average rating of “Hold” and an average price target 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.