Keybank National Association OH grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 67.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,161 shares of the financial services provider’s stock after purchasing an additional 469 shares during the quarter. Keybank National Association OH’s holdings in Kinsale Capital Group were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Kinsale Capital Group in the second quarter valued at approximately $28,000. Penserra Capital Management LLC bought a new position in Kinsale Capital Group in the second quarter valued at approximately $29,000. Lazard Asset Management LLC bought a new position in Kinsale Capital Group in the first quarter valued at approximately $31,000. Emerald Advisers LLC bought a new position in Kinsale Capital Group in the third quarter valued at approximately $33,000. Finally, Almanack Investment Partners LLC. bought a new position in Kinsale Capital Group in the third quarter valued at approximately $33,000. 83.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
KNSL has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of Kinsale Capital Group from $450.00 to $434.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Truist Financial reissued a “buy” rating and issued a $450.00 price objective on shares of Kinsale Capital Group in a research note on Monday, December 4th. Finally, Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $422.14.
Insider Activity at Kinsale Capital Group
In other news, Director Frederick L. Jr. Russell sold 841 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $365.85, for a total transaction of $307,679.85. Following the sale, the director now owns 440 shares in the company, valued at approximately $160,974. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.00% of the stock is currently owned by corporate insiders.
Kinsale Capital Group Trading Up 1.4 %
Shares of KNSL stock opened at $407.18 on Thursday. Kinsale Capital Group, Inc. has a 52-week low of $277.90 and a 52-week high of $457.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.14. The company has a 50-day simple moving average of $363.39 and a two-hundred day simple moving average of $380.88. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 34.86 and a beta of 0.85.
Kinsale Capital Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Tuesday, November 28th. Kinsale Capital Group’s payout ratio is currently 4.79%.
About Kinsale Capital Group
Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.
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