Eaton Vance Management bought a new stake in Kinsale Capital Group Inc (NASDAQ:KNSL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 85,092 shares of the financial services provider’s stock, valued at approximately $5,434,000. Eaton Vance Management owned approximately 0.40% of Kinsale Capital Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KNSL. BlackRock Inc. boosted its stake in shares of Kinsale Capital Group by 4.4% during the 3rd quarter. BlackRock Inc. now owns 1,355,466 shares of the financial services provider’s stock worth $86,560,000 after acquiring an additional 57,538 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Kinsale Capital Group by 11.7% during the 3rd quarter. Wells Fargo & Company MN now owns 659,484 shares of the financial services provider’s stock worth $42,115,000 after acquiring an additional 68,926 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Kinsale Capital Group by 21.9% during the 3rd quarter. Janus Henderson Group PLC now owns 476,063 shares of the financial services provider’s stock worth $30,401,000 after acquiring an additional 85,391 shares in the last quarter. Tygh Capital Management Inc. boosted its stake in shares of Kinsale Capital Group by 13.1% during the 2nd quarter. Tygh Capital Management Inc. now owns 302,180 shares of the financial services provider’s stock worth $16,578,000 after acquiring an additional 34,965 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Kinsale Capital Group by 11.4% during the 2nd quarter. Northern Trust Corp now owns 264,262 shares of the financial services provider’s stock worth $14,497,000 after acquiring an additional 26,948 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

In related news, Director Frederick L. Jr. Russell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $60.35, for a total transaction of $301,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $61.31, for a total value of $61,310.00. Following the transaction, the director now directly owns 1,111 shares of the company’s stock, valued at approximately $68,115.41. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $1,076,340 in the last three months. 8.20% of the stock is owned by insiders.

KNSL opened at $58.89 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 47.11 and a beta of 0.62. Kinsale Capital Group Inc has a 52-week low of $41.49 and a 52-week high of $64.97.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. The business had revenue of $60.14 million during the quarter, compared to analysts’ expectations of $57.62 million. On average, research analysts expect that Kinsale Capital Group Inc will post 1.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. Kinsale Capital Group’s dividend payout ratio is presently 22.40%.

Several analysts have recently issued reports on KNSL shares. BidaskClub downgraded Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, William Blair upgraded Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.33.

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About Kinsale Capital Group

Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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

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