Zacks Investment Research Upgrades Kinsale Capital Group (KNSL) to “Hold”
Kinsale Capital Group (NASDAQ:KNSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
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. “
Other analysts also recently issued research reports about the company. SunTrust Banks set a $46.00 price objective on Kinsale Capital Group and gave the stock a “buy” rating in a report on Monday, August 7th. William Blair downgraded Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th.
In other Kinsale Capital Group news, SVP Ann Marie Marson sold 2,500 shares of Kinsale Capital Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $43.00, for a total transaction of $107,500.00. Following the transaction, the senior vice president now owns 112,834 shares of the company’s stock, valued at approximately $4,851,862. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederick L. Jr. Russell sold 124,812 shares of Kinsale Capital Group stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $36.58, for a total value of $4,565,622.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,812 shares of company stock worth $4,995,623. Corporate insiders own 11.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Bamco Inc. NY grew its stake in Kinsale Capital Group by 14.8% during the 3rd quarter. Bamco Inc. NY now owns 1,340,484 shares of the financial services provider’s stock valued at $57,869,000 after acquiring an additional 172,674 shares in the last quarter. Granahan Investment Management Inc. MA grew its stake in shares of Kinsale Capital Group by 34.6% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 202,461 shares of the financial services provider’s stock valued at $8,740,000 after buying an additional 52,078 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at approximately $328,000. Elk Creek Partners LLC grew its stake in shares of Kinsale Capital Group by 2.2% in the 3rd quarter. Elk Creek Partners LLC now owns 227,095 shares of the financial services provider’s stock valued at $9,804,000 after buying an additional 4,897 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Kinsale Capital Group by 196.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 70,207 shares of the financial services provider’s stock valued at $3,031,000 after buying an additional 46,507 shares in the last quarter. 82.27% of the stock is currently owned by institutional investors.
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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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