Kinsale Capital Group (NASDAQ:KNSL) Downgraded by Zacks Investment Research to Hold

Kinsale Capital Group (NASDAQ:KNSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, December 25th.

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. “

Several other equities analysts have also issued reports on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $50.00 target price on shares of Kinsale Capital Group in a report on Monday, October 9th. They noted that the move was a valuation call. William Blair downgraded Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Kinsale Capital Group has a consensus rating of “Buy” and a consensus price target of $47.33.

Kinsale Capital Group (KNSL) opened at $43.98 on Monday. The stock has a market capitalization of $924.27 and a P/E ratio of 36.35. Kinsale Capital Group has a twelve month low of $27.19 and a twelve month high of $47.78.

In related news, SVP Ann Marie Marson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $43.00, for a total value of $322,500.00. Following the transaction, the senior vice president now owns 105,334 shares in the company, valued at $4,529,362. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of KNSL. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kinsale Capital Group by 678.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 2,463 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Kinsale Capital Group by 17.0% during the second quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 515 shares in the last quarter. Howland Capital Management LLC purchased a new stake in shares of Kinsale Capital Group during the third quarter worth $203,000. Hancock Holding Co. purchased a new stake in shares of Kinsale Capital Group during the second quarter worth $216,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Kinsale Capital Group during the second quarter worth $230,000. Institutional investors and hedge funds own 82.20% of the company’s stock.

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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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