Kinsale Capital Group, Inc. (NASDAQ:KNSL) has been assigned a $46.00 price objective by investment analysts at SunTrust Banks, Inc. in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 11.92% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Kinsale Capital Group in a report on Sunday. Zacks Investment Research cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Five equities research analysts have rated the stock with a buy rating, Kinsale Capital Group presently has an average rating of “Buy” and a consensus target price of $39.00.

Kinsale Capital Group (NASDAQ KNSL) opened at 41.10 on Monday. The firm has a market capitalization of $861.78 million and a price-to-earnings ratio of 72.87. The firm’s 50-day moving average price is $37.62 and its 200 day moving average price is $33.98. Kinsale Capital Group has a 1-year low of $18.43 and a 1-year high of $45.69.

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

A number of institutional investors have recently made changes to their positions in the stock. Keybank National Association OH boosted its position in shares of Kinsale Capital Group by 19.7% in the second quarter. Keybank National Association OH now owns 29,075 shares of the financial services provider’s stock valued at $1,085,000 after buying an additional 4,775 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Kinsale Capital Group by 10.8% in the second quarter. American Century Companies Inc. now owns 421,694 shares of the financial services provider’s stock valued at $15,733,000 after buying an additional 41,111 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Kinsale Capital Group by 34.7% in the second quarter. Victory Capital Management Inc. now owns 1,119,072 shares of the financial services provider’s stock valued at $41,753,000 after buying an additional 288,422 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of Kinsale Capital Group by 5.8% in the second quarter. Cadence Capital Management LLC now owns 37,392 shares of the financial services provider’s stock valued at $1,395,000 after buying an additional 2,034 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Kinsale Capital Group during the second quarter valued at $7,174,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

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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