Voya Investment Management LLC acquired a new position in Kinsale Capital Group, Inc. (NASDAQ:KNSL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,160 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Kinsale Capital Group by 28.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,405,850 shares of the financial services provider’s stock worth $52,453,000 after buying an additional 308,449 shares in the last quarter. RE Advisers Corp raised its stake in shares of Kinsale Capital Group by 99.8% in the 2nd quarter. RE Advisers Corp now owns 1,298,571 shares of the financial services provider’s stock worth $48,450,000 after buying an additional 648,571 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Kinsale Capital Group by 34.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,119,072 shares of the financial services provider’s stock worth $41,753,000 after buying an additional 288,422 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Kinsale Capital Group by 43.6% in the 2nd quarter. Vanguard Group Inc. now owns 727,797 shares of the financial services provider’s stock worth $27,154,000 after buying an additional 220,959 shares in the last quarter. Finally, Hood River Capital Management LLC raised its stake in shares of Kinsale Capital Group by 53.3% in the 2nd quarter. Hood River Capital Management LLC now owns 458,168 shares of the financial services provider’s stock worth $17,094,000 after buying an additional 159,250 shares in the last quarter. 77.72% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on KNSL. Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of Kinsale Capital Group in a research note on Sunday, August 6th. Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 target price on Kinsale Capital Group and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, William Blair cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th.

In related news, Director Frederick L. Jr. Russell sold 124,812 shares of Kinsale Capital Group stock in a transaction on Monday, September 11th. The stock was sold at an average price of $36.58, for a total value of $4,565,622.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.20% of the company’s stock.

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Kinsale Capital Group, Inc. (NASDAQ KNSL) opened at $42.67 on Friday. The stock has a market capitalization of $897.35, a price-to-earnings ratio of 35.26 and a beta of -0.12. Kinsale Capital Group, Inc. has a 1-year low of $26.23 and a 1-year high of $47.78.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, November 29th. Kinsale Capital Group’s payout ratio is 19.83%.

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

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