BidaskClub upgraded shares of Kinsale Capital Group (NASDAQ:KNSL) from a hold rating to a buy rating in a research note released on Tuesday morning.
A number of other brokerages have also commented on KNSL. William Blair restated a hold rating on shares of Kinsale Capital Group in a report on Friday, February 2nd. Zacks Investment Research lowered Kinsale Capital Group from a buy rating to a hold rating in a report on Monday, December 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Kinsale Capital Group currently has an average rating of Buy and an average price target of $47.33.
Shares of Kinsale Capital Group (NASDAQ:KNSL) traded up $1.07 during trading on Tuesday, hitting $48.57. The stock had a trading volume of 49,000 shares, compared to its average volume of 62,594. The company has a market capitalization of $998.92, a price-to-earnings ratio of 40.14 and a beta of -0.13. Kinsale Capital Group has a 12 month low of $29.13 and a 12 month high of $49.17.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.06. Kinsale Capital Group’s payout ratio is currently 19.83%.
In related news, SVP Ann Marie Marson sold 7,500 shares of Kinsale Capital Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.00, for a total value of $322,500.00. Following the sale, the senior vice president now owns 105,334 shares of the company’s stock, valued at $4,529,362. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.20% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $319,000. LPL Financial LLC increased its position in shares of Kinsale Capital Group by 18.8% in the fourth quarter. LPL Financial LLC now owns 10,592 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 1,676 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Kinsale Capital Group by 1.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 898,222 shares of the financial services provider’s stock valued at $40,420,000 after acquiring an additional 17,044 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $502,000. Finally, Deutsche Bank AG increased its position in shares of Kinsale Capital Group by 16.4% in the fourth quarter. Deutsche Bank AG now owns 35,173 shares of the financial services provider’s stock valued at $1,582,000 after acquiring an additional 4,956 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.
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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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