California Public Employees Retirement System Reduces Position in Kinsale Capital Group Inc (KNSL)

California Public Employees Retirement System decreased its stake in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,685 shares of the financial services provider’s stock after selling 1,115 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Kinsale Capital Group worth $2,232,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in shares of Kinsale Capital Group by 0.4% during the second quarter. Victory Capital Management Inc. now owns 238,007 shares of the financial services provider’s stock worth $13,057,000 after acquiring an additional 901 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Kinsale Capital Group by 14.9% during the second quarter. Voya Investment Management LLC now owns 7,075 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 915 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Kinsale Capital Group by 13.8% during the second quarter. First Mercantile Trust Co. now owns 7,839 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 950 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Kinsale Capital Group by 29.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 6,477 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 1,463 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in shares of Kinsale Capital Group by 29.4% during the second quarter. MetLife Investment Advisors LLC now owns 9,172 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors own 82.61% of the company’s stock.

In related news, SVP William J. Jr. Kenney sold 13,750 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $61.48, for a total transaction of $845,350.00. Following the sale, the senior vice president now owns 18,414 shares of the company’s stock, valued at $1,132,092.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $61.31, for a total transaction of $61,310.00. Following the sale, the director now directly owns 1,111 shares in the company, valued at approximately $68,115.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,750 shares of company stock worth $1,981,170. 8.20% of the stock is owned by insiders.

KNSL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 7th. TheStreet raised shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a research note on Friday, July 27th. SunTrust Banks reaffirmed a “buy” rating and set a $65.00 price target on shares of Kinsale Capital Group in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $61.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.33.

Kinsale Capital Group stock opened at $58.78 on Tuesday. The firm has a market cap of $1.24 billion, a P/E ratio of 47.02 and a beta of 0.14. Kinsale Capital Group Inc has a 52-week low of $41.40 and a 52-week high of $64.97.

Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The business had revenue of $54.95 million for the quarter, compared to analysts’ expectations of $53.63 million. Kinsale Capital Group had a net margin of 13.52% and a return on equity of 12.59%. As a group, equities analysts forecast that Kinsale Capital Group Inc will post 1.87 EPS for the current year.

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 casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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

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