PDT Partners LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 122.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,600 shares of the financial services provider’s stock after buying an additional 11,900 shares during the period. PDT Partners LLC owned 0.10% of Kinsale Capital Group worth $806,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KNSL. Bamco Inc. NY boosted its holdings in shares of Kinsale Capital Group by 387.8% during the 2nd quarter. Bamco Inc. NY now owns 1,167,810 shares of the financial services provider’s stock valued at $43,571,000 after buying an additional 928,400 shares in the last quarter. RE Advisers Corp boosted its holdings in shares of Kinsale Capital Group by 99.8% during the 2nd 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 in the last quarter. Granite Investment Partners LLC bought a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at $11,856,000. JPMorgan Chase & Co. boosted its holdings in shares of Kinsale Capital Group by 28.1% during the 2nd 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 in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in 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 purchasing an additional 288,422 shares in the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.

In related news, Director Frederick L. Jr. Russell sold 124,812 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. 11.20% of the stock is owned by company insiders.

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Kinsale Capital Group, Inc. (NASDAQ KNSL) opened at 43.31 on Friday. The company has a 50-day moving average of $42.47 and a 200-day moving average of $42.47. Kinsale Capital Group, Inc. has a 52 week low of $20.81 and a 52 week high of $47.78. The company has a market cap of $908.12 million, a PE ratio of 68.20 and a beta of 0.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, August 29th. Kinsale Capital Group’s payout ratio is currently 19.20%.

KNSL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 price target on shares of Kinsale Capital Group and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of Kinsale Capital Group in a research note on Sunday, August 6th.

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.

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

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