Victory Capital Management Inc. lifted its position in Kinsale Capital Group Inc (NASDAQ:KNSL) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 241,407 shares of the financial services provider’s stock after purchasing an additional 3,400 shares during the period. Victory Capital Management Inc. owned about 1.14% of Kinsale Capital Group worth $15,416,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System bought a new position in shares of Kinsale Capital Group in the third quarter worth approximately $201,000. Hartford Investment Management Co. bought a new position in shares of Kinsale Capital Group in the second quarter worth approximately $329,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Kinsale Capital Group by 29.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,477 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 1,463 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Kinsale Capital Group by 14.9% in the second quarter. Voya Investment Management LLC now owns 7,075 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 915 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Kinsale Capital Group in the second quarter worth approximately $410,000. Hedge funds and other institutional investors own 81.97% of the company’s stock.

Shares of KNSL stock opened at $59.82 on Friday. Kinsale Capital Group Inc has a 52 week low of $41.40 and a 52 week high of $64.97. The firm has a market capitalization of $1.27 billion, a P/E ratio of 35.43 and a beta of 0.63.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings results on Friday, November 2nd. The financial services provider reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. The company had revenue of $60.14 million during the quarter, compared to analyst estimates of $57.62 million. As a group, analysts expect that Kinsale Capital Group Inc will post 1.82 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. SunTrust Banks restated a “buy” rating and issued a $65.00 target price on shares of Kinsale Capital Group in a report on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and issued a $61.00 target price on shares of Kinsale Capital Group in a report on Tuesday, August 7th. BidaskClub upgraded shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 4th. TheStreet upgraded shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a report on Friday, July 27th. Finally, Zacks Investment Research cut shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.33.

In related news, Director Frederick L. Jr. Russell sold 1,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $60.75, for a total value of $60,750.00. Following the completion of the sale, the director now owns 1,111 shares of the company’s stock, valued at $67,493.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William J. Jr. Kenney sold 13,750 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $61.48, for a total value of $845,350.00. Following the completion of the sale, the senior vice president now directly owns 18,414 shares of the company’s stock, valued at approximately $1,132,092.72. The disclosure for this sale can be found here. Insiders sold 21,750 shares of company stock valued at $1,329,290 in the last ninety days. 8.20% of the stock is currently owned by insiders.

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Kinsale Capital Group 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 casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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

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