Citigroup Inc. raised its stake in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 453.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,337 shares of the financial services provider’s stock after purchasing an additional 6,012 shares during the quarter. Citigroup Inc.’s holdings in Kinsale Capital Group were worth $274,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. American International Group Inc. purchased a new position in Kinsale Capital Group during the 1st quarter valued at $129,000. Russell Investments Group Ltd. increased its position in Kinsale Capital Group by 17.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 515 shares during the period. Alliancebernstein L.P. purchased a new position in Kinsale Capital Group during the 1st quarter valued at $218,000. Citadel Advisors LLC purchased a new position in Kinsale Capital Group during the 1st quarter valued at $237,000. Finally, Teachers Advisors LLC increased its position in Kinsale Capital Group by 32.1% during the 4th quarter. Teachers Advisors LLC now owns 9,363 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 2,275 shares during the period. 79.79% of the stock is currently owned by institutional investors and hedge funds.

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In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 124,812 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.20% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Kinsale Capital Group in a research report on Sunday, August 6th. SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, William Blair downgraded 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, Inc. (KNSL) opened at 43.28 on Thursday. The stock has a market capitalization of $907.50 million, a P/E ratio of 68.16 and a beta of 0.09. Kinsale Capital Group, Inc. has a 12 month low of $21.01 and a 12 month high of $47.78. The firm’s 50-day moving average is $41.27 and its 200-day moving average is $37.60.

Kinsale Capital Group Profile

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.

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

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