Kinsale Capital Group Inc (KNSL) Position Lessened by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC cut its holdings in Kinsale Capital Group Inc (NASDAQ:KNSL) by 11.7% during the 4th quarter, Holdings Channel reports. The firm owned 139,975 shares of the financial services provider’s stock after selling 18,544 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in Kinsale Capital Group were worth $6,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bamco Inc. NY grew its stake in shares of Kinsale Capital Group by 1.8% in the fourth quarter. Bamco Inc. NY now owns 1,364,484 shares of the financial services provider’s stock worth $61,402,000 after purchasing an additional 24,000 shares during the last quarter. BlackRock Inc. grew its stake in shares of Kinsale Capital Group by 3.3% in the fourth quarter. BlackRock Inc. now owns 978,846 shares of the financial services provider’s stock worth $44,048,000 after purchasing an additional 31,455 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Kinsale Capital Group by 1.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 898,222 shares of the financial services provider’s stock worth $40,420,000 after purchasing an additional 17,044 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Kinsale Capital Group by 31.4% in the fourth quarter. American Century Companies Inc. now owns 574,173 shares of the financial services provider’s stock worth $25,838,000 after purchasing an additional 137,172 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Kinsale Capital Group by 5.4% in the fourth quarter. Wells Fargo & Company MN now owns 529,696 shares of the financial services provider’s stock worth $23,837,000 after purchasing an additional 27,349 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

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Shares of Kinsale Capital Group stock opened at $52.31 on Thursday. The firm has a market capitalization of $1,114.86, a P/E ratio of 45.35 and a beta of 0.11. Kinsale Capital Group Inc has a 12-month low of $30.78 and a 12-month high of $55.10.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.54%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, February 27th. Kinsale Capital Group’s payout ratio is presently 24.14%.

Several research firms recently issued reports on KNSL. Zacks Investment Research cut Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 8th. Finally, William Blair reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.67.

In other Kinsale Capital Group news, SVP William J. Jr. Kenney sold 13,750 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $51.79, for a total transaction of $712,112.50. Following the sale, the senior vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $947,031.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.20% of the company’s stock.

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Kinsale Capital Group Company 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.

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

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