Kinsale Capital Group (NASDAQ:KNSL) Lifted to Buy at BidaskClub

Kinsale Capital Group (NASDAQ:KNSL) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday, December 27th.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Monday, December 25th. SunTrust Banks reiterated 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. Finally, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $47.33.

Kinsale Capital Group (KNSL) opened at $43.95 on Wednesday. The firm has a market cap of $925.32 and a price-to-earnings ratio of 36.32. 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, SVP Ann Marie Marson sold 7,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.00, for a total transaction of $322,500.00. Following the completion of the sale, the senior vice president now directly owns 105,334 shares in the company, valued at $4,529,362. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Kinsale Capital Group by 28.1% during the second quarter. JPMorgan Chase & Co. now owns 1,405,850 shares of the financial services provider’s stock valued at $52,453,000 after acquiring an additional 308,449 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Kinsale Capital Group by 14.8% during the third quarter. Bamco Inc. NY now owns 1,340,484 shares of the financial services provider’s stock valued at $57,869,000 after acquiring an additional 172,674 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Kinsale Capital Group by 34.7% during the second quarter. Victory Capital Management Inc. now owns 1,119,072 shares of the financial services provider’s stock valued at $41,753,000 after acquiring an additional 288,422 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Kinsale Capital Group by 26.8% during the second quarter. Goldman Sachs Group Inc. now owns 895,192 shares of the financial services provider’s stock valued at $33,400,000 after acquiring an additional 189,107 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Kinsale Capital Group by 43.6% during the second quarter. Vanguard Group Inc. now owns 727,797 shares of the financial services provider’s stock valued at $27,154,000 after acquiring an additional 220,959 shares during the last quarter. 82.20% of the stock is 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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