Rockbridge Capital Management LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,490 shares of the financial services provider’s stock, valued at approximately $974,000. Kinsale Capital Group comprises approximately 0.6% of Rockbridge Capital Management LLC’s portfolio, making the stock its 17th largest holding.
Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $25,000. eCIO Inc. bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. raised its position in Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Kinsale Capital Group by 225.0% in the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.
Kinsale Capital Group Price Performance
KNSL opened at $310.99 on Friday. The company has a fifty day moving average price of $324.66 and a two-hundred day moving average price of $361.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $512.76. The firm has a market capitalization of $7.17 billion, a PE ratio of 13.69, a P/E/G ratio of 1.02 and a beta of 0.91.
Kinsale Capital Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 28th. Kinsale Capital Group’s payout ratio is currently 4.40%.
Insiders Place Their Bets
In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer owned 308,048 shares of the company’s stock, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the sale, the insider directly owned 3,645 shares of the company’s stock, valued at $1,134,214.65. This represents a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.
Analysts Set New Price Targets
KNSL has been the subject of several research analyst reports. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Cantor Fitzgerald dropped their price objective on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Finally, Morgan Stanley dropped their price objective on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $390.18.
Read Our Latest Stock Report on Kinsale Capital Group
Kinsale Capital Group Profile
Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.
The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.
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