Wilmington Savings Fund Society FSB Boosts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Wilmington Savings Fund Society FSB increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 968 shares of the financial services provider’s stock after purchasing an additional 113 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kinsale Capital Group were worth $450,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KNSL. State Street Corp grew its position in shares of Kinsale Capital Group by 1.3% during the third quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock valued at $320,957,000 after purchasing an additional 8,954 shares in the last quarter. Geode Capital Management LLC increased its stake in Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after acquiring an additional 29,686 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 9.6% in the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after acquiring an additional 44,931 shares during the last quarter. Geneva Capital Management LLC raised its stake in Kinsale Capital Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after purchasing an additional 5,207 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock worth $107,687,000 after purchasing an additional 685 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $478.06 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $11.13 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.82 and a beta of 1.15. The company’s 50-day simple moving average is $462.15 and its two-hundred day simple moving average is $465.25. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.17 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Analyst Ratings Changes

A number of brokerages have recently commented on KNSL. Morgan Stanley initiated coverage on Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. Truist Financial cut their price objective on shares of 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 cut their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $468.89.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 over the last three months. 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.