RE Advisers Corp boosted its stake in Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 99.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,298,571 shares of the financial services provider’s stock after buying an additional 648,571 shares during the period. RE Advisers Corp owned about 6.19% of Kinsale Capital Group worth $48,450,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $1,814,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $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 last quarter. 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 last quarter. Finally, 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 last quarter. Hedge funds and other institutional investors own 59.41% of the company’s stock.
Kinsale Capital Group, Inc. (KNSL) traded down 0.84% during trading on Thursday, reaching $37.65. The company’s stock had a trading volume of 72,507 shares. The company has a 50 day moving average price of $37.40 and a 200-day moving average price of $33.87. The company has a market capitalization of $789.45 million and a PE ratio of 66.76. Kinsale Capital Group, Inc. has a 52 week low of $18.00 and a 52 week high of $42.09.
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Several analysts recently commented on KNSL shares. Zacks Investment Research cut Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Kinsale Capital Group in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.00.
In other news, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the company’s stock in a transaction that occurred 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 can be accessed through the SEC website. Also, Director Frederick L. Jr. Russell sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were 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. 11.20% of the stock is owned by insiders.
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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