Alliance Wealth Advisors LLC UT Buys 118 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Alliance Wealth Advisors LLC UT grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,290 shares of the financial services provider’s stock after acquiring an additional 118 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Kinsale Capital Group were worth $600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KNSL. Leibman Financial Services Inc. lifted its position in Kinsale Capital Group by 0.5% in the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 24 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC boosted its position in shares of Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after buying an additional 28 shares during the last quarter. CWM LLC increased its holdings in Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after buying an additional 33 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in 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 worth $355,000 after buying an additional 37 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 1.7 %

Shares of NYSE:KNSL opened at $457.89 on Wednesday. The stock has a 50 day moving average of $464.92 and a 200 day moving average of $461.42. The company has a market cap of $10.66 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insider Activity at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the company’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 value of $255,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target 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. Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley assumed coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price target on the stock. Royal Bank of Canada reduced their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $468.89.

Kinsale Capital Group Profile

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.