Choreo LLC Has $793,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Choreo LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 118.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,704 shares of the financial services provider’s stock after acquiring an additional 923 shares during the quarter. Choreo LLC’s holdings in Kinsale Capital Group were worth $793,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. lifted its position in Kinsale Capital Group by 43.6% during the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 51 shares during the period. Alliance Wealth Advisors LLC UT boosted its stake in Kinsale Capital Group by 10.1% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 1,290 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 118 shares during the last quarter. Financial Strategies Group Inc. grew its holdings in Kinsale Capital Group by 27.5% during the 4th quarter. Financial Strategies Group Inc. now owns 1,274 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 275 shares during the period. KPP Advisory Services LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $233,000. Finally, Spire Wealth Management lifted its stake in shares of Kinsale Capital Group by 2.0% in the 4th quarter. Spire Wealth Management now owns 14,040 shares of the financial services provider’s stock valued at $6,531,000 after purchasing an additional 270 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 1.2 %

NYSE:KNSL opened at $488.77 on Monday. The company has a market cap of $11.38 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The business has a 50 day moving average price of $462.43 and a two-hundred day moving average price of $463.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KNSL shares. BMO Capital Markets upped their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Truist Financial reduced their price objective on shares of 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 lowered their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Morgan Stanley began coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $468.89.

Insiders Place Their Bets

In related news, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the business’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 transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock valued at $3,618,954 in the last 90 days. 5.60% of the stock is currently owned by insiders.

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.