Kinsale Capital Group (NASDAQ:KNSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
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. “
Several other equities analysts also recently weighed in on the company. BidaskClub raised Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 8th. William Blair reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.67.
In other Kinsale Capital Group news, SVP William J. Jr. Kenney sold 13,750 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $51.79, for a total transaction of $712,112.50. Following the completion of the transaction, the senior vice president now owns 18,286 shares of the company’s stock, valued at $947,031.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased 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 boosted its holdings in shares of 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 purchasing an additional 1,172 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $234,000. Suntrust Banks Inc. acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $254,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $293,000. 83.02% of the stock is owned by institutional investors.
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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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