Elk Creek Partners LLC raised its stake in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 24.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,198 shares of the financial services provider’s stock after purchasing an additional 43,524 shares during the period. Elk Creek Partners LLC owned 1.06% of Kinsale Capital Group worth $8,290,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in 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 valued at $132,000 after purchasing an additional 515 shares in the last quarter. American International Group Inc. purchased a new position in Kinsale Capital Group during the first quarter valued at $129,000. Dynamic Technology Lab Private Ltd purchased a new position in Kinsale Capital Group during the first quarter valued at $204,000. Alliancebernstein L.P. purchased a new position in Kinsale Capital Group during the first quarter valued at $218,000. Finally, Citadel Advisors LLC purchased a new position in Kinsale Capital Group during the first quarter valued at $237,000. 79.79% of the stock is currently owned by institutional investors and hedge funds.
KNSL has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, July 18th. SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Zacks Investment Research raised 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 report on Tuesday, August 8th.
In other news, Director Frederick L. Jr. Russell sold 124,812 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $36.58, for a total transaction of $4,565,622.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.20% of the company’s stock.
Kinsale Capital Group, Inc. (KNSL) traded up 0.22% during trading on Friday, reaching $40.94. 225,411 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $40.38 and its 200-day moving average price is $35.99. Kinsale Capital Group, Inc. has a one year low of $19.90 and a one year high of $41.30. The stock has a market cap of $858.43 million, a P/E ratio of 64.47 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 paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.59%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 19.20%.
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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