JPMorgan Chase & Co. Has $52.45 Million Stake in Kinsale Capital Group, Inc. (KNSL)

JPMorgan Chase & Co. grew its stake in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 28.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,405,850 shares of the financial services provider’s stock after purchasing an additional 308,449 shares during the period. JPMorgan Chase & Co. owned about 6.70% of Kinsale Capital Group worth $52,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of Kinsale Capital Group by 119.1% during the first quarter. Prudential Financial Inc. now owns 99,095 shares of the financial services provider’s stock valued at $3,175,000 after purchasing an additional 53,877 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Kinsale Capital Group by 1.2% during 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 purchasing an additional 9,535 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kinsale Capital Group by 22.1% during the first quarter. Vanguard Group Inc. now owns 506,838 shares of the financial services provider’s stock valued at $16,239,000 after purchasing an additional 91,838 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Kinsale Capital Group by 2.5% during the first quarter. Blair William & Co. IL now owns 48,450 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in shares of Kinsale Capital Group during the first quarter valued at $1,133,000. 79.79% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on KNSL. Zacks Investment Research raised Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 target price on Kinsale Capital Group and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 target price on shares of Kinsale Capital Group in a report on Sunday, August 6th.

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Shares of Kinsale Capital Group, Inc. (KNSL) opened at 40.01 on Wednesday. The stock’s 50 day moving average price is $38.90 and its 200 day moving average price is $31.47. Kinsale Capital Group, Inc. has a one year low of $19.86 and a one year high of $40.02. The stock has a market capitalization of $838.93 million, a P/E ratio of 63.01 and a beta of -0.13.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.06 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.60%. Kinsale Capital Group’s dividend payout ratio is 19.20%.

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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Institutional Ownership by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

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