William Blair Reaffirms Hold Rating for Kinsale Capital Group (KNSL)

Kinsale Capital Group (NASDAQ:KNSL)‘s stock had its “hold” rating reissued by analysts at William Blair in a research report issued on Friday.

KNSL has been the topic of several other research reports. Zacks Investment Research downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, SunTrust Banks restated a “buy” rating and issued a $50.00 target price on shares of Kinsale Capital Group in a research report on Monday, October 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.33.

Kinsale Capital Group (NASDAQ:KNSL) traded down $0.42 during midday trading on Friday, hitting $47.56. The stock had a trading volume of 60,379 shares, compared to its average volume of 64,303. The stock has a market capitalization of $1,003.55 and a P/E ratio of 39.31. Kinsale Capital Group has a 1-year low of $27.19 and a 1-year high of $49.17.

Kinsale Capital Group (NASDAQ:KNSL) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. Kinsale Capital Group had a return on equity of 11.69% and a net margin of 14.65%. research analysts forecast that Kinsale Capital Group will post 1.27 earnings per share for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Kinsale Capital Group by 678.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock worth $122,000 after buying an additional 2,463 shares in the last quarter. US Bancorp DE lifted its position in Kinsale Capital Group by 60.6% during the fourth quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,172 shares in the last quarter. Howland Capital Management LLC purchased a new position in Kinsale Capital Group during the third quarter worth approximately $203,000. Aperio Group LLC purchased a new position in Kinsale Capital Group during the fourth quarter worth approximately $234,000. Finally, Voya Investment Management LLC purchased a new position in Kinsale Capital Group during the second quarter worth approximately $230,000. Hedge funds and other institutional investors own 82.30% 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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