Emerald Mutual Fund Advisers Trust Has $1,775,000 Position in Kinsale Capital Group, Inc. (NASDAQ:KNSL)

Emerald Mutual Fund Advisers Trust continued to hold its position in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,570 shares of the financial services provider’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust owned about 0.23% of Kinsale Capital Group worth $1,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Kinsale Capital Group by 121.4% in the fourth quarter. State Street Corp now owns 99,416 shares of the financial services provider’s stock worth $3,382,000 after buying an additional 54,503 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Kinsale Capital Group by 32.1% in the fourth quarter. Teachers Advisors LLC now owns 9,363 shares of the financial services provider’s stock worth $318,000 after buying an additional 2,275 shares in the last quarter. Capital Impact Advisors LLC purchased a new position in shares of Kinsale Capital Group during the first quarter worth about $625,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Kinsale Capital Group during the first quarter worth about $793,000. Finally, Wells Fargo & Company MN increased its position in shares of Kinsale Capital Group by 15.2% in the first quarter. Wells Fargo & Company MN now owns 362,139 shares of the financial services provider’s stock worth $11,602,000 after buying an additional 47,832 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) traded down 2.43% during mid-day trading on Friday, hitting $38.92. 76,752 shares of the stock traded hands. The stock has a 50-day moving average of $38.08 and a 200 day moving average of $34.25. Kinsale Capital Group, Inc. has a one year low of $19.02 and a one year high of $45.69. The stock has a market cap of $816.07 million and a PE ratio of 61.29.

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A number of research analysts recently issued reports on KNSL shares. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Kinsale Capital Group in a research note on Monday, May 8th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $38.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, July 18th. Five investment analysts have rated the stock with a buy rating, Kinsale Capital Group presently has a consensus rating of “Buy” and an average price target of $39.00.

In other Kinsale Capital Group news, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $136,125,658.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frederick L. Jr. Russell sold 250,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $31.60, for a total value of $7,900,000.00. The disclosure for this sale can be found here. Company insiders own 11.20% of the company’s stock.

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.

Institutional Ownership by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

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