Moody Aldrich Partners LLC Sells 31,226 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Moody Aldrich Partners LLC lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 96.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,304 shares of the financial services provider's stock after selling 31,226 shares during the period. Moody Aldrich Partners LLC's holdings in Kinsale Capital Group were worth $437,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Navellier & Associates Inc. purchased a new position in shares of Kinsale Capital Group in the 3rd quarter valued at $975,000. Scout Investments Inc. increased its stake in Kinsale Capital Group by 38.0% during the 3rd quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider's stock worth $38,780,000 after buying an additional 26,084 shares during the period. Jupiter Asset Management Ltd. increased its stake in Kinsale Capital Group by 116.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 12,381 shares of the financial services provider's stock worth $5,127,000 after buying an additional 6,651 shares during the period. DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 154.5% during the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider's stock worth $109,362,000 after buying an additional 198,129 shares during the period. Finally, HighTower Advisors LLC increased its stake in Kinsale Capital Group by 8.2% during the 3rd quarter. HighTower Advisors LLC now owns 2,558 shares of the financial services provider's stock worth $1,048,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Insider Activity at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 2,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the sale, the director now owns 887 shares of the company's stock, valued at approximately $464,867.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares of the company's stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. Insiders own 6.00% of the company's stock.

Kinsale Capital Group Stock Down 0.5 %

Shares of Kinsale Capital Group stock traded down $2.37 during trading on Wednesday, reaching $448.06. The company had a trading volume of 122,410 shares, compared to its average volume of 186,570. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 33.92 and a beta of 0.89. The firm's fifty day moving average is $484.56 and its 200-day moving average is $413.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Kinsale Capital Group, Inc. has a fifty-two week low of $297.33 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.44 by $0.43. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The business had revenue of $351.17 million during the quarter, compared to the consensus estimate of $367.98 million. During the same quarter in the prior year, the firm earned $2.60 EPS. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 15.26 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Monday, February 26th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.14. Kinsale Capital Group's dividend payout ratio is currently 4.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Truist Financial lifted their price target on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Finally, BMO Capital Markets lowered shares of Kinsale Capital Group from an "outperform" rating to a "market perform" rating and upped their target price for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $510.00.

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.