Kinsale Capital Group, Inc. (KNSL) Shares Bought by Northern Trust Corp
Northern Trust Corp increased its position in Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 122.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,060 shares of the financial services provider’s stock after buying an additional 113,326 shares during the quarter. Northern Trust Corp owned about 0.98% of Kinsale Capital Group worth $7,688,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in KNSL. RE Advisers Corp lifted its holdings in shares of 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 valued at $48,450,000 after buying an additional 648,571 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of Kinsale Capital Group in the second quarter valued at $11,856,000. JPMorgan Chase & Co. lifted its holdings in shares of Kinsale Capital Group by 28.1% in 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 buying an additional 308,449 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Kinsale Capital Group by 34.7% in 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 buying an additional 288,422 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Kinsale Capital Group during the second quarter worth $7,174,000. Institutional investors and hedge funds own 77.65% of the company’s stock.
A number of equities research analysts have recently issued reports on KNSL shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, July 18th. SunTrust Banks, Inc. set a $46.00 target price on Kinsale Capital Group and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research raised Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, August 8th. Finally, William Blair lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th.
In other news, Director Frederick L. Jr. Russell sold 124,812 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $36.58, for a total transaction of $4,565,622.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.20% of the stock is owned by insiders.
Shares of Kinsale Capital Group, Inc. (NASDAQ KNSL) opened at $43.65 on Friday. The stock has a market capitalization of $899.53, a price-to-earnings ratio of 35.46 and a beta of -0.12. Kinsale Capital Group, Inc. has a 52-week low of $23.95 and a 52-week high of $47.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 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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