Huntington National Bank lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 28.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241 shares of the financial services provider’s stock after selling 98 shares during the period. Huntington National Bank’s holdings in Kinsale Capital Group were worth $100,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in KNSL. CWM LLC grew its position in Kinsale Capital Group by 9.6% in the third quarter. CWM LLC now owns 286 shares of the financial services provider’s stock worth $118,000 after buying an additional 25 shares during the last quarter. Park Place Capital Corp boosted its stake in shares of Kinsale Capital Group by 8.3% during the 2nd quarter. Park Place Capital Corp now owns 354 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 27 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Kinsale Capital Group by 1.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 29 shares during the last quarter. Atlas Capital Advisors LLC raised its position in shares of Kinsale Capital Group by 12.5% during the second quarter. Atlas Capital Advisors LLC now owns 261 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 29 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Kinsale Capital Group by 15.9% during the second quarter. First Horizon Advisors Inc. now owns 233 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 32 shares during the last quarter. 83.68% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on KNSL shares. BMO Capital Markets dropped their price target on Kinsale Capital Group from $450.00 to $434.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Truist Financial restated a “buy” rating and set a $450.00 price target on shares of Kinsale Capital Group in a report on Monday, December 4th. Finally, Royal Bank of Canada decreased their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.14.
Insider Buying and Selling at Kinsale Capital Group
In other news, Director Frederick L. Jr. Russell sold 841 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $365.85, for a total value of $307,679.85. Following the transaction, the director now directly owns 440 shares of the company’s stock, valued at $160,974. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.00% of the company’s stock.
Kinsale Capital Group Price Performance
NYSE KNSL opened at $419.09 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 35.88 and a beta of 0.85. The company has a 50 day simple moving average of $366.19 and a 200-day simple moving average of $381.30. Kinsale Capital Group, Inc. has a 52-week low of $277.90 and a 52-week high of $457.73.
Kinsale Capital Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were given a $0.14 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s payout ratio is 4.79%.
Kinsale Capital Group Profile
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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