Kinsale Capital Group (NASDAQ:KNSL) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other research firms have also weighed in on KNSL. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of Kinsale Capital Group in a research report on Monday, October 9th. They noted that the move was a valuation call. William Blair lowered shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $47.33.

Kinsale Capital Group (KNSL) traded up $1.45 during trading hours on Friday, hitting $44.96. 36,818 shares of the stock traded hands, compared to its average volume of 82,175. Kinsale Capital Group has a one year low of $27.19 and a one year high of $47.78. The company has a market cap of $903.87, a price-to-earnings ratio of 37.16 and a beta of -0.23.

In other Kinsale Capital Group news, SVP Ann Marie Marson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the transaction, the senior vice president now directly owns 105,334 shares in the company, valued at $4,529,362. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KNSL. Bamco Inc. NY boosted its holdings in shares of Kinsale Capital Group by 387.8% in the second quarter. Bamco Inc. NY now owns 1,167,810 shares of the financial services provider’s stock worth $43,571,000 after buying an additional 928,400 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Kinsale Capital Group by 28.1% in the second quarter. JPMorgan Chase & Co. now owns 1,405,850 shares of the financial services provider’s stock worth $52,453,000 after purchasing an additional 308,449 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kinsale Capital Group by 43.6% in the second quarter. Vanguard Group Inc. now owns 727,797 shares of the financial services provider’s stock worth $27,154,000 after purchasing an additional 220,959 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Kinsale Capital Group by 26.8% in the second quarter. Goldman Sachs Group Inc. now owns 895,192 shares of the financial services provider’s stock worth $33,400,000 after purchasing an additional 189,107 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of Kinsale Capital Group by 53.3% in the second quarter. Hood River Capital Management LLC now owns 458,168 shares of the financial services provider’s stock worth $17,094,000 after purchasing an additional 159,250 shares in the last quarter. Institutional investors own 82.20% of the company’s stock.

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About Kinsale Capital Group

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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