Kinsale Capital Group (KNSL) Rating Increased to Hold at Zacks Investment Research

Kinsale Capital Group (NASDAQ:KNSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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 have also weighed in on KNSL. SunTrust Banks set a $46.00 price target on shares of Kinsale Capital Group and gave the company a “buy” rating in a research report on Monday, August 7th. 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.

Kinsale Capital Group (NASDAQ:KNSL) opened at $43.34 on Tuesday. The firm has a market cap of $911.44 and a PE ratio of 35.77. Kinsale Capital Group has a 1 year low of $27.19 and a 1 year high of $47.78.

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 124,812 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $36.58, for a total transaction of $4,565,622.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ann Marie Marson sold 7,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,529,362. The disclosure for this sale can be found here. Insiders have sold 134,812 shares of company stock valued at $4,995,623 in the last quarter. Company insiders own 11.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Kinsale Capital Group by 678.5% in 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. Russell Investments Group Ltd. lifted its holdings in shares of Kinsale Capital Group by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock worth $132,000 after buying an additional 515 shares in the last quarter. Howland Capital Management LLC purchased a new stake in shares of Kinsale Capital Group in the third quarter worth about $203,000. Hancock Holding Co. purchased a new stake in shares of Kinsale Capital Group in the second quarter worth about $216,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Kinsale Capital Group in the second quarter worth about $230,000. 82.27% of the stock is currently owned by hedge funds and other 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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