Royal Bank Of Canada restated their buy rating on shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) in a report published on Tuesday, July 18th. The firm currently has a $38.00 target price on the financial services provider’s stock.
Several other analysts also recently weighed in on KNSL. SunTrust Banks, Inc. reaffirmed a buy rating on shares of Kinsale Capital Group in a research note on Monday, May 8th. Zacks Investment Research downgraded Kinsale Capital Group from a buy rating to a hold rating in a research note on Wednesday, May 3rd. Five analysts have rated the stock with a buy rating, Kinsale Capital Group currently has an average rating of Buy and a consensus target price of $39.00.
Shares of Kinsale Capital Group (KNSL) traded down 2.43% on Tuesday, reaching $38.92. 76,752 shares of the company’s stock traded hands. The firm has a market capitalization of $816.07 million and a P/E ratio of 61.29. Kinsale Capital Group has a 52 week low of $19.02 and a 52 week high of $45.69. The firm’s 50 day moving average is $38.17 and its 200 day moving average is $34.30.
TRADEMARK VIOLATION WARNING: This article was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/14/kinsale-capital-group-inc-nasdaqknsl-given-buy-rating-at-royal-bank-of-canada-updated-updated-updated.html.
In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 250,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $7,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $136,125,658.40. The disclosure for this sale can be found here. 11.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of KNSL. Russell Investments Group Ltd. purchased a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $1,814,000. State Street Corp raised its position in shares of Kinsale Capital Group by 121.4% in the fourth quarter. State Street Corp now owns 99,416 shares of the financial services provider’s stock valued at $3,382,000 after buying an additional 54,503 shares in the last quarter. Teachers Advisors LLC raised its stake in Kinsale Capital Group by 32.1% in the fourth quarter. Teachers Advisors LLC now owns 9,363 shares of the financial services provider’s stock valued at $318,000 after buying an additional 2,275 shares in the last quarter. Capital Impact Advisors LLC bought a new stake in Kinsale Capital Group during the first quarter valued at $625,000. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in Kinsale Capital Group during the first quarter valued at $793,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.
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.
Receive News & Ratings for Kinsale Capital Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.