Kinsale Capital Group Inc (NASDAQ:KNSL) shot up 2.3% on Friday . The company traded as high as $20.55 and last traded at $20.46, with a volume of 71,177 shares changing hands. The stock had previously closed at $20.00.

A number of brokerages recently weighed in on KNSL. William Blair began coverage on shares of Kinsale Capital Group in a report on Friday. They set an “outperform” rating for the company. RBC Capital Markets began coverage on shares of Kinsale Capital Group in a report on Monday. They set an “outperform” rating and a $23.00 price objective for the company. SunTrust Banks Inc. initiated coverage on shares of Kinsale Capital Group in a report on Monday. They set a “buy” rating and a $24.00 price objective for the company. Royal Bank Of Canada initiated coverage on shares of Kinsale Capital Group in a report on Monday. They issued an “outperform” rating and a $23.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kinsale Capital Group in a report on Monday. They issued an “overweight” rating and a $23.00 price target for the company. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $23.25.

The firm has a market capitalization of $313.80 million and a price-to-earnings ratio of 13.98. The company’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.

In other news, major shareholder Moelis Capital Partners Opport sold 2,590,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $14.88, for a total value of $38,539,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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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