Wells Fargo & Company MN raised its stake in Kinsale Capital Group Inc (NASDAQ:KNSL) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 502,347 shares of the financial services provider’s stock after buying an additional 60,509 shares during the quarter. Wells Fargo & Company MN owned 2.40% of Kinsale Capital Group worth $21,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in 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. Bamco Inc. NY lifted its stake in Kinsale Capital Group by 387.8% in the second 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 during the period. Victory Capital Management Inc. lifted its stake in 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. Goldman Sachs Group Inc. lifted its stake in Kinsale Capital Group by 26.8% in the second quarter. Goldman Sachs Group Inc. now owns 895,192 shares of the financial services provider’s stock valued at $33,400,000 after buying an additional 189,107 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Kinsale Capital Group by 43.6% in the second quarter. Vanguard Group Inc. now owns 727,797 shares of the financial services provider’s stock valued at $27,154,000 after buying an additional 220,959 shares during the period. 82.27% of the stock is currently owned by hedge funds and other institutional investors.

In other Kinsale Capital Group news, SVP Ann Marie Marson sold 7,500 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the sale, the senior vice president now directly owns 105,334 shares in the company, valued at $4,529,362. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.20% of the stock is owned by corporate insiders.

Several equities analysts have weighed in on KNSL shares. SunTrust Banks reissued a “buy” rating and issued a $50.00 target price on shares of Kinsale Capital Group in a research note on Monday, October 9th. They noted that the move was a valuation call. Zacks Investment Research raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, William Blair lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th.

Shares of Kinsale Capital Group Inc (KNSL) opened at $44.85 on Monday. Kinsale Capital Group Inc has a fifty-two week low of $27.19 and a fifty-two week high of $47.78. The stock has a market capitalization of $943.20, a PE ratio of 37.07 and a beta of -0.27.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.06 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.54%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 19.83%.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company MN Has $21.69 Million Holdings in Kinsale Capital Group Inc (KNSL)” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/wells-fargo-company-mn-has-21-69-million-holdings-in-kinsale-capital-group-inc-knsl/1770573.html.

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.

Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group Inc (NASDAQ:KNSL).

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

Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.