Kinsale Capital Group, Inc. (NASDAQ:KNSL) – William Blair boosted their Q3 2017 earnings estimates for shares of Kinsale Capital Group in a research report issued on Monday. William Blair analyst A. Klauber now expects that the financial services provider will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.42. William Blair also issued estimates for Kinsale Capital Group’s Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.57 EPS and Q2 2018 earnings at $0.44 EPS.

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KNSL has been the subject of several other reports. Zacks Investment Research lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reissued a “buy” rating on shares of Kinsale Capital Group in a research note on Monday, May 8th. Five analysts have rated the stock with a buy rating, Kinsale Capital Group has an average rating of “Buy” and a consensus target price of $39.00.

Kinsale Capital Group (NASDAQ KNSL) opened at 41.88 on Tuesday. The firm’s 50-day moving average price is $37.40 and its 200 day moving average price is $33.87. Kinsale Capital Group has a 52-week low of $18.28 and a 52-week high of $43.62. The firm has a market cap of $878.14 million and a price-to-earnings ratio of 74.26.

In other news, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total transaction of $136,125,658.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick L. Jr. Russell sold 250,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $7,900,000.00. The disclosure for this sale can be found here. Company insiders own 11.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. bought a new stake in Kinsale Capital Group during the first quarter valued at $793,000. Prudential Financial Inc. boosted its stake in shares of Kinsale Capital Group by 119.1% in the first quarter. Prudential Financial Inc. now owns 99,095 shares of the financial services provider’s stock valued at $3,175,000 after buying an additional 53,877 shares during the period. State Street Corp boosted its stake in shares of Kinsale Capital Group by 121.4% in the fourth quarter. State Street Corp now owns 99,416 shares of the financial services provider’s stock valued at $3,382,000 after buying an additional 54,503 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Kinsale Capital Group by 1.2% in the first quarter. Victory Capital Management Inc. now owns 830,650 shares of the financial services provider’s stock valued at $26,614,000 after buying an additional 9,535 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Kinsale Capital Group by 2.5% in the first quarter. Blair William & Co. IL now owns 48,450 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 1,200 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Kinsale Capital Group (NASDAQ:KNSL)

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