Mutual of America Capital Management LLC Sells 1,535 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Mutual of America Capital Management LLC trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,300 shares of the financial services provider’s stock after selling 1,535 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kinsale Capital Group were worth $5,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in Kinsale Capital Group during the second quarter worth about $28,000. Penserra Capital Management LLC purchased a new position in Kinsale Capital Group during the second quarter worth about $29,000. Lazard Asset Management LLC bought a new stake in Kinsale Capital Group during the first quarter worth about $31,000. Emerald Advisers LLC bought a new stake in Kinsale Capital Group during the third quarter worth about $33,000. Finally, Almanack Investment Partners LLC. bought a new stake in Kinsale Capital Group during the third quarter worth about $33,000. 83.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KNSL shares. Royal Bank of Canada dropped their price target on Kinsale Capital Group from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. Truist Financial reaffirmed a “buy” rating and set a $450.00 price target on shares of Kinsale Capital Group in a research note on Monday, December 4th. Finally, BMO Capital Markets dropped their price target on Kinsale Capital Group from $450.00 to $434.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.14.

View Our Latest Research Report on KNSL

Kinsale Capital Group Trading Up 2.4 %

NYSE KNSL opened at $419.09 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $277.90 and a 1-year high of $457.73. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $366.19 and a 200-day moving average of $381.32. The firm has a market cap of $9.71 billion, a PE ratio of 35.88 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. Shareholders of record on Wednesday, November 29th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Tuesday, November 28th. Kinsale Capital Group’s payout ratio is 4.79%.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 841 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $365.85, for a total transaction of $307,679.85. Following the completion of the transaction, the director now owns 440 shares of the company’s stock, valued at approximately $160,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.00% of the stock is currently owned by corporate insiders.

About Kinsale Capital Group

(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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