Russell Investments Group Ltd. purchased a new position in Kinsale Capital Group Inc (NASDAQ:KNSL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,633 shares of the financial services provider’s stock, valued at approximately $1,814,000. Russell Investments Group Ltd. owned 0.25% of Kinsale Capital Group as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new position in Kinsale Capital Group during the third quarter worth $3,559,000. Victory Capital Management Inc. acquired a new position in Kinsale Capital Group during the third quarter worth $17,717,000. Tygh Capital Management Inc. acquired a new position in Kinsale Capital Group during the third quarter worth $5,143,000. Kornitzer Capital Management Inc. KS purchased a new stake in Kinsale Capital Group during the third quarter valued at approximately $1,151,000. Finally, JPMorgan Chase & Co. purchased a new stake in Kinsale Capital Group during the third quarter valued at approximately $689,000. 39.69% of the stock is owned by institutional investors.
Kinsale Capital Group Inc (NASDAQ:KNSL) traded up 0.68% during midday trading on Friday, reaching $33.92. The company’s stock had a trading volume of 31,316 shares. The company’s 50-day moving average is $32.17 and its 200 day moving average is $29.18. The firm has a market capitalization of $711.23 million and a P/E ratio of 60.57. Kinsale Capital Group Inc has a 52 week low of $18.00 and a 52 week high of $35.08.
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Separately, Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Saturday, March 4th. Five research analysts have rated the stock with a buy rating, Kinsale Capital Group currently has an average rating of “Buy” and a consensus target price of $26.25.
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.
