Kinsale Capital Group Inc (NASDAQ:KNSL)’s share price traded up 2.3% during trading on Friday . The stock 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.

Several equities analysts recently commented on the stock. William Blair assumed coverage on shares of Kinsale Capital Group in a report on Friday. They set an “outperform” rating on the stock. Royal Bank Of Canada initiated coverage on shares of Kinsale Capital Group in a research report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Kinsale Capital Group in a research report on Monday, August 22nd. They issued an “overweight” rating and a $23.00 price objective for the company. RBC Capital Markets initiated coverage on shares of Kinsale Capital Group in a research report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, SunTrust Banks Inc. initiated coverage on shares of Kinsale Capital Group in a research report on Monday, August 22nd. They issued a “buy” rating and a $24.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, Kinsale Capital Group presently has an average rating of “Buy” and an average price target of $23.25.

The stock’s 50 day moving average is $19.51 and its 200-day moving average is $19.51. The company has a market capitalization of $313.80 million and a P/E ratio of 13.98.

In other news, major shareholder Moelis Capital Partners Opport sold 2,590,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available through this link.

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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