American Century Companies Inc. increased its holdings in Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 437,001 shares of the financial services provider’s stock after acquiring an additional 15,307 shares during the quarter. American Century Companies Inc. owned approximately 2.08% of Kinsale Capital Group worth $18,865,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. American International Group Inc. bought a new stake in Kinsale Capital Group in the first quarter valued at about $129,000. Russell Investments Group Ltd. increased its holdings 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 valued at $132,000 after buying an additional 515 shares during the last quarter. Howland Capital Management LLC bought a new stake in Kinsale Capital Group in the third quarter valued at about $203,000. Hancock Holding Co. bought a new stake in Kinsale Capital Group in the second quarter valued at about $216,000. Finally, Alliancebernstein L.P. bought a new stake in Kinsale Capital Group in the first quarter valued at about $218,000. Institutional investors and hedge funds own 77.72% of the company’s stock.
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Kinsale Capital Group, Inc. (NASDAQ KNSL) opened at $43.65 on Friday. The company has a market capitalization of $909.76, a P/E ratio of 35.75 and a beta of -0.12. Kinsale Capital Group, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $47.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 19.83%.
Several brokerages recently weighed in on KNSL. SunTrust Banks, Inc. reissued a “buy” rating and issued a $50.00 price objective on shares of Kinsale Capital Group in a report on Monday, October 9th. They noted that the move was a valuation call. William Blair lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Zacks Investment Research raised Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of Kinsale Capital Group in a report on Sunday, August 6th.
In other news, Director Frederick L. Jr. Russell sold 124,812 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $36.58, for a total transaction of $4,565,622.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.20% of the stock is currently owned by corporate insiders.
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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