Thompson Davis & CO. Inc. cut its position in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 54.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,625 shares of the financial services provider’s stock after selling 9,211 shares during the period. Thompson Davis & CO. Inc.’s holdings in Kinsale Capital Group were worth $284,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of Kinsale Capital Group by 119.1% during the 1st quarter. Prudential Financial Inc. now owns 99,095 shares of the financial services provider’s stock worth $3,175,000 after purchasing an additional 53,877 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Kinsale Capital Group by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 830,650 shares of the financial services provider’s stock worth $26,614,000 after purchasing an additional 9,535 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Kinsale Capital Group by 2.5% during the 1st quarter. Blair William & Co. IL now owns 48,450 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 1,200 shares during the last quarter. Cadence Capital Management LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth about $1,133,000. Finally, Wells Fargo & Company MN increased its stake in shares of Kinsale Capital Group by 15.2% during the 1st quarter. Wells Fargo & Company MN now owns 362,139 shares of the financial services provider’s stock worth $11,602,000 after purchasing an additional 47,832 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.

Kinsale Capital Group, Inc. (KNSL) traded up 5.78% on Friday, hitting $37.71. 186,061 shares of the stock traded hands. The firm has a market capitalization of $790.70 million, a PE ratio of 59.39 and a beta of -0.13. Kinsale Capital Group, Inc. has a 52 week low of $19.80 and a 52 week high of $45.69. The stock has a 50 day moving average of $38.37 and a 200 day moving average of $35.35.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Tuesday, August 29th. Kinsale Capital Group’s payout ratio is currently 19.20%.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price objective on shares of Kinsale Capital Group in a research note on Sunday, August 6th. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the stock a “buy” rating in a research note on Monday, August 7th.

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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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