Wells Fargo & Company MN increased its holdings in Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 441,838 shares of the financial services provider’s stock after purchasing an additional 79,699 shares during the period. Wells Fargo & Company MN owned approximately 2.11% of Kinsale Capital Group worth $16,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Kinsale Capital Group by 28.1% in the second quarter. JPMorgan Chase & Co. now owns 1,405,850 shares of the financial services provider’s stock worth $52,453,000 after purchasing an additional 308,449 shares during the last quarter. RE Advisers Corp increased its position in Kinsale Capital Group by 99.8% in the second quarter. RE Advisers Corp now owns 1,298,571 shares of the financial services provider’s stock worth $48,450,000 after purchasing an additional 648,571 shares during the last quarter. Victory Capital Management Inc. increased its position in Kinsale Capital Group by 34.7% in the second quarter. Victory Capital Management Inc. now owns 1,119,072 shares of the financial services provider’s stock worth $41,753,000 after purchasing an additional 288,422 shares during the last quarter. Vanguard Group Inc. increased its position in Kinsale Capital Group by 22.1% in the first quarter. Vanguard Group Inc. now owns 506,838 shares of the financial services provider’s stock worth $16,239,000 after purchasing an additional 91,838 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Kinsale Capital Group by 10.8% in the second quarter. American Century Companies Inc. now owns 421,694 shares of the financial services provider’s stock worth $15,733,000 after purchasing an additional 41,111 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.

Kinsale Capital Group, Inc. (NASDAQ KNSL) opened at 43.69 on Thursday. Kinsale Capital Group, Inc. has a 52-week low of $20.43 and a 52-week high of $43.92. The firm’s 50-day moving average is $40.70 and its 200-day moving average is $40.70. The company has a market cap of $916.09 million, a PE ratio of 68.80 and a beta of -0.13.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.55%. Kinsale Capital Group’s dividend payout ratio is presently 19.20%.

In other news, Director Frederick L. Jr. Russell sold 124,812 shares of Kinsale Capital Group stock in a transaction on Monday, September 11th. The stock was sold at an average price of $36.58, for a total transaction of $4,565,622.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.20% of the stock is owned by insiders.

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A number of research analysts have weighed in on the stock. 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 report on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the company 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 price objective on shares of Kinsale Capital Group in a research report on Sunday, August 6th.

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

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