Kinsale Capital Group, Inc. (KNSL) Reaches New 12-Month High at $38.75

Kinsale Capital Group, Inc. (NASDAQ:KNSL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.75 and last traded at $38.65, with a volume of 51,748 shares trading hands. The stock had previously closed at $38.31.

A number of analysts have issued reports on KNSL shares. Zacks Investment Research cut Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, July 18th. Finally, 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. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $39.00.

The firm has a 50-day moving average price of $38.27 and a 200 day moving average price of $34.57. The firm has a market cap of $774.35 million and a P/E ratio of 58.16.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, August 29th. Kinsale Capital Group’s dividend payout ratio is 19.20%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in Kinsale Capital Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,063 shares of the financial services provider’s stock worth $562,000 after buying an additional 39 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Kinsale Capital Group by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock worth $132,000 after buying an additional 515 shares during the last quarter. Strs Ohio increased its stake in Kinsale Capital Group by 3.2% in the second quarter. Strs Ohio now owns 19,400 shares of the financial services provider’s stock worth $723,000 after buying an additional 600 shares during the last quarter. Blair William & Co. IL increased its stake in Kinsale Capital Group by 2.5% in the first quarter. Blair William & Co. IL now owns 48,450 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 1,200 shares during the last quarter. Finally, Elk Creek Partners LLC increased its stake in Kinsale Capital Group by 1.1% in the first quarter. Elk Creek Partners LLC now owns 178,674 shares of the financial services provider’s stock worth $5,725,000 after buying an additional 1,998 shares during the last quarter. 64.40% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first reported by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/kinsale-capital-group-inc-knsl-reaches-new-1-year-high-at-38-75-updated-updated-updated.html.

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.

Latest News

Leave a Reply