American International Group Inc. bought a new position in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) during the first quarter, Holdings Channel reports. The firm bought 4,022 shares of the financial services provider’s stock, valued at approximately $129,000.

Other large investors also recently modified their holdings of the company. Signature Financial Management Inc. bought a new stake in shares of Kinsale Capital Group during the first quarter worth about $1,213,000. Hood River Capital Management LLC raised its stake in shares of Kinsale Capital Group by 126.5% in the first quarter. Hood River Capital Management LLC now owns 298,918 shares of the financial services provider’s stock worth $9,577,000 after buying an additional 166,974 shares during the period. Thompson Davis & CO. Inc. raised its stake in shares of Kinsale Capital Group by 332.2% in the first quarter. Thompson Davis & CO. Inc. now owns 16,836 shares of the financial services provider’s stock worth $539,000 after buying an additional 12,941 shares during the period. TFS Capital LLC bought a new stake in shares of Kinsale Capital Group during the first quarter worth about $245,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Kinsale Capital Group by 18.8% in the first quarter. Ameriprise Financial Inc. now owns 48,603 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 7,700 shares during the period. Institutional investors and hedge funds own 59.87% of the company’s stock.

Shares of Kinsale Capital Group, Inc. (KNSL) opened at 41.88 on Tuesday. The firm has a market cap of $878.14 million and a price-to-earnings ratio of 74.26. Kinsale Capital Group, Inc. has a 1-year low of $18.28 and a 1-year high of $43.62. The company’s 50-day moving average is $37.40 and its 200 day moving average is $33.87.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday. SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the stock a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of Kinsale Capital Group in a research note on Sunday. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $39.00.

In related news, Director Frederick L. Jr. Russell sold 250,000 shares of Kinsale Capital Group stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $31.60, for a total transaction of $7,900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of Kinsale Capital Group stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $31.60, for a total transaction of $136,125,658.40. The disclosure for this sale can be found here. 11.20% of the stock is currently owned by insiders.

About Kinsale Capital Group

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

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