Kinsale Capital Group, Inc. (KNSL) Stake Raised by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,900 shares of the financial services provider’s stock after buying an additional 8,297 shares during the period. Ameriprise Financial Inc. owned 0.27% of Kinsale Capital Group worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KNSL. American International Group Inc. bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $129,000. Alliancebernstein L.P. bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $218,000. TIAA CREF Investment Management LLC raised its holdings in shares of Kinsale Capital Group by 30.3% during the first quarter. TIAA CREF Investment Management LLC now owns 62,203 shares of the financial services provider’s stock valued at $1,993,000 after buying an additional 14,463 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kinsale Capital Group by 22.1% during the first quarter. Vanguard Group Inc. now owns 506,838 shares of the financial services provider’s stock valued at $16,239,000 after buying an additional 91,838 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Kinsale Capital Group by 4.6% during the first quarter. Geode Capital Management LLC now owns 86,491 shares of the financial services provider’s stock valued at $2,771,000 after buying an additional 3,808 shares during the last quarter. 79.92% of the stock is currently owned by institutional investors.

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KNSL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 price target on Kinsale Capital Group and gave the company a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price target on shares of Kinsale Capital Group in a report on Sunday, August 6th. Finally, William Blair cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th.

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 124,812 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $36.58, for a total value of $4,565,622.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.20% of the stock is owned by insiders.

About Kinsale Capital Group

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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