Hendershot Investments Inc. Has $6.42 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Hendershot Investments Inc. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,800 shares of the financial services provider’s stock after buying an additional 2,266 shares during the period. Hendershot Investments Inc. owned approximately 0.06% of Kinsale Capital Group worth $6,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB grew its holdings in Kinsale Capital Group by 13.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 968 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 113 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kinsale Capital Group during the fourth quarter worth $25,000. Financial Advocates Investment Management acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $445,000. Choreo LLC increased its position in shares of Kinsale Capital Group by 118.2% in the 4th quarter. Choreo LLC now owns 1,704 shares of the financial services provider’s stock valued at $793,000 after buying an additional 923 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Kinsale Capital Group by 43.6% in the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after buying an additional 51 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 completion of the sale, the director now owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction 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. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Truist Financial decreased their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada dropped their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They set an “overweight” rating and a $593.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $468.89.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $488.77 on Friday. The firm has a market cap of $11.38 billion, a PE ratio of 27.87, a P/E/G ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $548.47. The company’s fifty day simple moving average is $462.82 and its 200-day simple moving average is $462.42. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.15 per share. 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 0.12%. Kinsale Capital Group’s dividend payout ratio is 3.42%.

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.