Grandeur Peak Global Advisors LLC decreased its position in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,975 shares of the financial services provider’s stock after selling 18,544 shares during the period. Grandeur Peak Global Advisors LLC owned approximately 0.67% of Kinsale Capital Group worth $6,299,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kinsale Capital Group by 678.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 2,463 shares in the last quarter. US Bancorp DE increased its holdings in shares of Kinsale Capital Group by 60.6% in the fourth quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,172 shares during the period. Aperio Group LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $234,000. Suntrust Banks Inc. purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $254,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $293,000. Institutional investors and hedge funds own 83.02% of the company’s stock.
Several research firms have recently commented on KNSL. Zacks Investment Research downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 8th. Finally, William Blair reiterated a “hold” rating on shares of Kinsale Capital Group in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.67.
Kinsale Capital Group stock opened at $52.31 on Thursday. The company has a market capitalization of $1,114.86, a PE ratio of 45.35 and a beta of 0.11. Kinsale Capital Group Inc has a twelve month low of $30.78 and a twelve month high of $55.10.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.06. Kinsale Capital Group’s payout ratio is currently 24.14%.
In other news, SVP William J. Jr. Kenney sold 13,750 shares of Kinsale Capital Group stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $51.79, for a total value of $712,112.50. Following the transaction, the senior vice president now owns 18,286 shares in the company, valued at $947,031.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.20% of the stock is currently owned by insiders.
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Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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