Quotient Wealth Partners LLC Has $223,000 Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Quotient Wealth Partners LLC reduced its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480 shares of the financial services provider’s stock after selling 23 shares during the period. Quotient Wealth Partners LLC’s holdings in Kinsale Capital Group were worth $223,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Westfield Capital Management Co. LP grew its stake in shares of Kinsale Capital Group by 65.3% in the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after acquiring an additional 58,971 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Kinsale Capital Group by 75.1% in 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 purchasing an additional 57,460 shares during the period. International Assets Investment Management LLC grew its position in shares of 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 worth $21,892,000 after purchasing an additional 46,962 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after purchasing an additional 44,931 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $18,599,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial reduced their price target on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley began coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $468.89.

Kinsale Capital Group Trading Down 0.8 %

Shares of Kinsale Capital Group stock opened at $485.50 on Tuesday. The firm has a market capitalization of $11.31 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $462.43 and its 200 day moving average is $464.49. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $548.47.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Friday, November 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Insider Activity at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares in the company, valued at $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock valued at $3,618,954 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

About Kinsale Capital Group

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.