RE Advisers Corp raised its stake in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 99.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,298,571 shares of the financial services provider’s stock after buying an additional 648,571 shares during the period. RE Advisers Corp owned 6.19% of Kinsale Capital Group worth $48,450,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL boosted 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 valued at $1,422,000 after buying an additional 1,200 shares during the last quarter. Elk Creek Partners LLC boosted 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 valued at $5,725,000 after buying an additional 1,998 shares during the last quarter. Teachers Advisors LLC boosted 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 during the last quarter. Geode Capital Management LLC boosted its stake in Kinsale Capital Group by 4.6% in the first quarter. Geode Capital Management LLC now owns 86,491 shares of the financial services provider’s stock valued at $2,771,000 after buying an additional 3,808 shares during the last quarter. Finally, American International Group Inc. purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $129,000. 64.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) traded down 0.81% during trading on Friday, hitting $36.93. The stock had a trading volume of 105,995 shares. Kinsale Capital Group, Inc. has a 12 month low of $19.02 and a 12 month high of $45.69. The stock has a 50 day moving average of $38.27 and a 200 day moving average of $34.57. The company has a market cap of $774.35 million and a PE ratio of 58.16.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. Kinsale Capital Group’s dividend payout ratio is 19.20%.
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KNSL has been the topic of several recent research reports. Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 price objective on Kinsale Capital Group and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of Kinsale Capital Group in a research report on Sunday, August 6th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $39.00.
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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