Kinsale Capital Group, Inc. (NASDAQ:KNSL) – Analysts at William Blair increased their Q3 2017 earnings per share (EPS) estimates for Kinsale Capital Group in a report released on Monday. William Blair analyst A. Klauber now forecasts that the financial services provider will earn $0.44 per share for the quarter, up from their prior forecast of $0.42. William Blair also issued estimates for Kinsale Capital Group’s Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.57 EPS and Q2 2018 earnings at $0.44 EPS.

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

Shares of Kinsale Capital Group (KNSL) opened at 41.10 on Tuesday. The firm has a market cap of $861.78 million and a price-to-earnings ratio of 72.87. The firm has a 50-day moving average price of $37.62 and a 200 day moving average price of $33.98. Kinsale Capital Group has a 12-month low of $18.43 and a 12-month high of $45.69.

In other news, Director Frederick L. Jr. Russell sold 250,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total transaction of $7,900,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the business’s 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 disclosure for this sale can be found here. 11.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in KNSL. State Street Corp raised its stake in shares of Kinsale Capital Group by 121.4% in the fourth quarter. State Street Corp now owns 99,416 shares of the financial services provider’s stock worth $3,382,000 after buying an additional 54,503 shares during the period. Teachers Advisors LLC raised its stake in shares of Kinsale Capital Group by 32.1% in the fourth quarter. Teachers Advisors LLC now owns 9,363 shares of the financial services provider’s stock worth $318,000 after buying an additional 2,275 shares during the period. Capital Impact Advisors LLC bought a new stake in shares of Kinsale Capital Group during the first quarter worth about $625,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Kinsale Capital Group during the first quarter worth about $793,000. Finally, Wells Fargo & Company MN raised its stake in shares of Kinsale Capital Group by 15.2% in the first quarter. Wells Fargo & Company MN now owns 362,139 shares of the financial services provider’s stock worth $11,602,000 after buying an additional 47,832 shares during the period. 59.87% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Kinsale Capital Group (NASDAQ:KNSL)

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