Equitable Trust Co. Has $518,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Equitable Trust Co. grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,113 shares of the financial services provider’s stock after purchasing an additional 83 shares during the quarter. Equitable Trust Co.’s holdings in Kinsale Capital Group were worth $518,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KNSL. Kestra Private Wealth Services LLC lifted its stake in shares of Kinsale Capital Group by 35.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,680 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 444 shares during the period. Stephens Inc. AR lifted its stake in shares of Kinsale Capital Group by 17.7% during the fourth quarter. Stephens Inc. AR now owns 1,090 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 164 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Kinsale Capital Group by 12.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 172,038 shares of the financial services provider’s stock valued at $80,020,000 after acquiring an additional 19,057 shares during the period. Entropy Technologies LP acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at $1,416,000. Finally, Empowered Funds LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at $1,071,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Buying and Selling

In other news, EVP Diane D. Schnupp sold 500 shares of the 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 transaction, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by corporate insiders.

Kinsale Capital Group Stock Down 1.3 %

Shares of Kinsale Capital Group 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 price-to-earnings-growth ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $548.47. The business has a 50-day moving average of $462.15 and a two-hundred day moving average of $465.25.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Analyst Ratings Changes

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

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.