Kinsale Capital Group (KNSL) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Kinsale Capital Group (NASDAQ:KNSL) from a buy rating to a hold rating in a research report released on Friday morning.

Several other research firms have also weighed in on KNSL. Zacks Investment Research lowered shares of Kinsale Capital Group from a buy rating to a hold rating in a research report on Monday, December 25th. SunTrust Banks restated a buy rating and set a $50.00 price objective on shares of Kinsale Capital Group in a research report on Monday, October 9th. They noted that the move was a valuation call. Finally, William Blair lowered shares of Kinsale Capital Group from an outperform rating to a market perform rating in a research report on Monday, October 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kinsale Capital Group currently has a consensus rating of Hold and a consensus target price of $47.33.

Kinsale Capital Group (NASDAQ:KNSL) traded up $1.45 during trading hours on Friday, hitting $44.96. 36,995 shares of the stock traded hands, compared to its average volume of 77,437. Kinsale Capital Group has a one year low of $27.19 and a one year high of $47.78. The company has a market cap of $977.02 and a price-to-earnings ratio of 37.16.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, November 29th. Kinsale Capital Group’s payout ratio is 19.83%.

In other Kinsale Capital Group news, SVP Ann Marie Marson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the transaction, the senior vice president now directly owns 105,334 shares in the company, valued at $4,529,362. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of Kinsale Capital Group by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock worth $132,000 after buying an additional 515 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in shares of Kinsale Capital Group by 24.6% in the third quarter. Thompson Davis & CO. Inc. now owns 9,500 shares of the financial services provider’s stock worth $410,000 after buying an additional 1,875 shares during the period. Cadence Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 5.1% in the third quarter. Cadence Capital Management LLC now owns 39,290 shares of the financial services provider’s stock worth $1,696,000 after buying an additional 1,898 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Kinsale Capital Group by 5.0% in the third quarter. Prudential Financial Inc. now owns 51,115 shares of the financial services provider’s stock worth $2,206,000 after buying an additional 2,440 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kinsale Capital Group by 678.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock worth $122,000 after buying an additional 2,463 shares during the period. Institutional investors own 82.20% of the company’s stock.

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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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