Rhumbline Advisers Buys 471 Shares of Kinsale Capital Group Inc (NASDAQ:KNSL)

Rhumbline Advisers grew its stake in Kinsale Capital Group Inc (NASDAQ:KNSL) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,349 shares of the financial services provider’s stock after acquiring an additional 471 shares during the period. Rhumbline Advisers owned 0.12% of Kinsale Capital Group worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Zions Bancorporation N.A. raised its stake in shares of Kinsale Capital Group by 6.5% in the second quarter. Zions Bancorporation N.A. now owns 3,494 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 214 shares during the last quarter. Sanders Morris Harris LLC bought a new position in shares of Kinsale Capital Group in the second quarter worth about $368,000. Howland Capital Management LLC raised its stake in shares of Kinsale Capital Group by 3.8% during the second quarter. Howland Capital Management LLC now owns 139,338 shares of the financial services provider’s stock worth $12,747,000 after buying an additional 5,165 shares during the last quarter. Navellier & Associates Inc bought a new stake in shares of Kinsale Capital Group during the second quarter worth approximately $265,000. Finally, Sawgrass Asset Management LLC raised its stake in shares of Kinsale Capital Group by 54.2% during the second quarter. Sawgrass Asset Management LLC now owns 8,196 shares of the financial services provider’s stock worth $750,000 after buying an additional 2,881 shares during the last quarter. 79.31% of the stock is owned by institutional investors.

Shares of KNSL stock traded up $0.55 during trading on Tuesday, reaching $87.51. The company’s stock had a trading volume of 1,633 shares, compared to its average volume of 188,396. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $101.16 and a 200-day moving average price of $92.91. Kinsale Capital Group Inc has a one year low of $50.34 and a one year high of $108.28. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 48.97 and a beta of 0.49.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings results on Friday, November 1st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.02). Kinsale Capital Group had a return on equity of 15.68% and a net margin of 17.83%. The firm had revenue of $78.33 million for the quarter, compared to the consensus estimate of $76.24 million. Research analysts anticipate that Kinsale Capital Group Inc will post 2.4 EPS for the current year.

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 3,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.53, for a total transaction of $289,590.00. Following the sale, the director now directly owns 1,170 shares of the company’s stock, valued at $112,940.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael P. Kehoe sold 10,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $93.52, for a total transaction of $935,200.00. Following the sale, the chief executive officer now directly owns 357,711 shares in the company, valued at $33,453,132.72. The disclosure for this sale can be found here. Insiders have sold 25,750 shares of company stock worth $2,521,668 over the last ninety days. Insiders own 8.30% of the company’s stock.

KNSL has been the subject of a number of recent research reports. JMP Securities initiated coverage on shares of Kinsale Capital Group in a research note on Friday, September 6th. They set a “market perform” rating for the company. UBS Group boosted their price objective on shares of Kinsale Capital Group to $112.00 and gave the company a “positive” rating in a report on Thursday, September 26th. BidaskClub cut shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, ValuEngine cut shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $100.00.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.

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

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