Zacks Investment Research lowered shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) from a buy rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Kinsale Capital Group, Inc. is a specialty insurance company. Its commercial lines offerings include construction, small business, professional liability, excess casualty, energy, general casualty, life sciences, allied health, product liability, healthcare, commercial property, management liability, inland marine, environmental, public entity and commercial insurance. The Company also writes homeowners insurance in the personal lines market. Kinsale Capital Group, Inc. is based in Richmond, Virginia. “

A number of other equities research analysts have also commented on KNSL. Royal Bank Of Canada reaffirmed a buy rating and set a $38.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, July 18th. SunTrust Banks, Inc. set a $46.00 price target on Kinsale Capital Group and gave the stock a buy rating in a research report on Monday, August 7th. Finally, William Blair lowered Kinsale Capital Group from an outperform rating to a market perform rating in a research report on Monday.

Kinsale Capital Group (NASDAQ:KNSL) opened at 40.83 on Tuesday. Kinsale Capital Group has a 1-year low of $21.01 and a 1-year high of $47.78. The firm’s 50-day moving average price is $42.29 and its 200 day moving average price is $42.29. The stock has a market cap of $856.12 million, a PE ratio of 64.30 and a beta of 0.09.

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Tuesday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 19.20%.

In other news, Director Frederick L. Jr. Russell sold 124,812 shares of the firm’s stock in a transaction dated 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 accessible through this link. Company insiders own 11.20% of the company’s stock.

Several large investors have recently bought and sold shares of KNSL. Bamco Inc. NY grew its holdings in shares of Kinsale Capital Group by 387.8% during the second quarter. Bamco Inc. NY now owns 1,167,810 shares of the financial services provider’s stock worth $43,571,000 after buying an additional 928,400 shares in the last quarter. RE Advisers Corp grew its holdings in shares of Kinsale Capital Group by 99.8% during the second quarter. RE Advisers Corp now owns 1,298,571 shares of the financial services provider’s stock worth $48,450,000 after buying an additional 648,571 shares in the last quarter. Granite Investment Partners LLC bought a new position in shares of Kinsale Capital Group during the second quarter worth about $11,856,000. JPMorgan Chase & Co. grew its holdings in shares of Kinsale Capital Group by 28.1% during the second quarter. JPMorgan Chase & Co. now owns 1,405,850 shares of the financial services provider’s stock worth $52,453,000 after buying an additional 308,449 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Kinsale Capital Group by 34.7% during 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 buying an additional 288,422 shares in the last quarter. Institutional investors and hedge funds own 79.79% of the company’s stock.

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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