Strs Ohio lowered its stake in Kinsale Capital Group Inc (NASDAQ:KNSL) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,400 shares of the financial services provider’s stock after selling 600 shares during the quarter. Strs Ohio’s holdings in Kinsale Capital Group were worth $1,303,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. GQ Asset Management LLC bought a new position in Kinsale Capital Group during the first quarter worth $46,000. Heritage Wealth Advisors boosted its stake in Kinsale Capital Group by 445.9% during the second quarter. Heritage Wealth Advisors now owns 2,593 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 2,118 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Kinsale Capital Group by 23.3% during the first quarter. Mutual of America Capital Management LLC now owns 905 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 171 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its stake in Kinsale Capital Group by 159.7% during the first quarter. C M Bidwell & Associates Ltd. now owns 948 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 583 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Kinsale Capital Group by 44.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,169 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.
Shares of KNSL stock opened at $194.90 on Friday. The firm has a 50-day moving average of $157.12 and a 200-day moving average of $129.38. The company has a market cap of $4.34 billion, a P/E ratio of 66.75 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.14 and a quick ratio of 0.14. Kinsale Capital Group Inc has a one year low of $80.93 and a one year high of $195.00.
Several research analysts recently issued reports on KNSL shares. Zacks Investment Research lowered shares of Kinsale Capital Group from a “strong-buy” rating to a “hold” rating and set a $179.00 target price on the stock. in a research note on Wednesday, July 1st. Royal Bank of Canada reissued a “buy” rating and set a $125.00 target price (down from $134.00) on shares of Kinsale Capital Group in a research note on Wednesday, April 8th. SunTrust Banks upped their price objective on shares of Kinsale Capital Group from $140.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. William Blair upgraded shares of Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 10th. Finally, BidaskClub upgraded shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $149.00.
In related news, COO Brian D. Haney sold 1,049 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $154.11, for a total transaction of $161,661.39. Following the completion of the sale, the chief operating officer now owns 168,434 shares in the company, valued at $25,957,363.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Marson sold 35,178 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $150.15, for a total transaction of $5,281,976.70. Following the sale, the executive vice president now owns 78,052 shares of the company’s stock, valued at approximately $11,719,507.80. The disclosure for this sale can be found here. Insiders have sold 40,940 shares of company stock valued at $6,150,668 in the last 90 days. 7.30% of the stock is currently owned by corporate insiders.
Kinsale Capital Group Profile
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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