Howland Capital Management LLC Reduces Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Howland Capital Management LLC decreased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 91,215 shares of the financial services provider’s stock after selling 1,984 shares during the period. Kinsale Capital Group accounts for 1.9% of Howland Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Howland Capital Management LLC’s holdings in Kinsale Capital Group were worth $42,427,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its holdings in Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 28 shares in the last quarter. CWM LLC raised its holdings in shares of Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 33 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Kinsale Capital Group by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Kinsale Capital Group Stock Down 1.2 %

KNSL stock opened at $488.77 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $548.47. The business has a fifty day moving average price of $462.43 and a 200-day moving average price of $463.22. 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 stock has a market capitalization of $11.38 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group Dividend Announcement

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

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.