Granite Investment Partners LLC purchased a new position in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 317,773 shares of the financial services provider’s stock, valued at approximately $11,856,000.

A number of other large investors also recently added to or reduced their stakes in KNSL. RE Advisers Corp boosted its stake in Kinsale Capital Group by 99.8% in the second 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. JPMorgan Chase & Co. raised its position in shares of Kinsale Capital Group by 32.7% in the first quarter. JPMorgan Chase & Co. now owns 1,097,401 shares of the financial services provider’s stock worth $35,160,000 after buying an additional 270,511 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Kinsale Capital Group by 1.2% in the first quarter. Victory Capital Management Inc. now owns 830,650 shares of the financial services provider’s stock worth $26,614,000 after buying an additional 9,535 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 22.1% in the first quarter. Vanguard Group Inc. now owns 506,838 shares of the financial services provider’s stock worth $16,239,000 after buying an additional 91,838 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Kinsale Capital Group by 31.8% in the first quarter. American Century Companies Inc. now owns 380,583 shares of the financial services provider’s stock worth $12,194,000 after buying an additional 91,766 shares during the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group, Inc. (KNSL) opened at 41.02 on Thursday. The firm has a 50-day moving average price of $37.99 and a 200-day moving average price of $34.21. Kinsale Capital Group, Inc. has a one year low of $19.02 and a one year high of $45.69. The stock has a market cap of $860.11 million and a price-to-earnings ratio of 72.73.

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A number of research analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and issued a $41.00 price objective on shares of Kinsale Capital Group in a report on Sunday. Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday. Finally, SunTrust Banks, Inc. set a $46.00 price objective on Kinsale Capital Group and gave the company a “buy” rating in a report on Monday. Five research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $39.00.

In other Kinsale Capital Group news, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $136,125,658.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 250,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $31.60, for a total value of $7,900,000.00. The disclosure for this sale can be found here. 11.20% of the stock is currently owned by corporate insiders.

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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