Emerald Mutual Fund Advisers Trust continued to hold its position in Kinsale Capital Group, Inc. (NASDAQ:KNSL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake 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 during the period. Teachers Advisors LLC increased its stake 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 during the period. Capital Impact Advisors LLC acquired a new stake in shares of Kinsale Capital Group during the first quarter worth about $625,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Kinsale Capital Group during the first quarter worth about $793,000. Finally, Wells Fargo & Company MN increased its stake 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 during the period. Hedge funds and other institutional investors own 64.40% of the company’s stock.
Kinsale Capital Group, Inc. (KNSL) opened at 36.93 on Friday. The firm has a market cap of $774.35 million and a PE ratio of 58.16. The company has a 50-day moving average price of $38.27 and a 200 day moving average price of $34.57. Kinsale Capital Group, Inc. has a 12 month low of $19.02 and a 12 month high of $45.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 19.20%.
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KNSL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 target price on Kinsale Capital Group and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 target price on shares of Kinsale Capital Group in a research report on Sunday, August 6th. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $39.00.
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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