State of New Jersey Common Pension Fund D Has $5.25 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

State of New Jersey Common Pension Fund D lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,666 shares of the financial services provider’s stock after selling 768 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Kinsale Capital Group worth $5,245,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in Kinsale Capital Group during the 2nd quarter valued at $28,000. Penserra Capital Management LLC bought a new stake in Kinsale Capital Group during the 2nd quarter valued at $29,000. Lazard Asset Management LLC bought a new stake in Kinsale Capital Group during the 1st quarter valued at $31,000. Emerald Advisers LLC bought a new stake in Kinsale Capital Group during the 3rd quarter valued at $33,000. Finally, Almanack Investment Partners LLC. bought a new stake in Kinsale Capital Group during the 3rd quarter valued at $33,000. Institutional investors own 83.68% of the company’s stock.

Insider Buying and Selling

In related news, Director Frederick L. Jr. Russell sold 841 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $365.85, for a total value of $307,679.85. Following the sale, the director now directly owns 440 shares in the company, valued at approximately $160,974. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $450.00 price objective on shares of Kinsale Capital Group in a report on Monday, December 4th. BMO Capital Markets cut 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 report on Monday, October 30th. Finally, Royal Bank of Canada cut their price objective on shares of Kinsale Capital Group from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $422.14.

Check Out Our Latest Research Report on KNSL

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $415.57 on Tuesday. The company’s 50-day moving average is $367.52 and its 200 day moving average is $381.55. 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 market capitalization of $9.63 billion, a P/E ratio of 35.58 and a beta of 0.85. Kinsale Capital Group, Inc. has a fifty-two week low of $277.90 and a fifty-two week high of $457.73.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Tuesday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.79%.

Kinsale Capital Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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