US Bancorp DE Acquires 1,172 Shares of Kinsale Capital Group Inc (KNSL)
US Bancorp DE boosted its holdings in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 60.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,106 shares of the financial services provider’s stock after buying an additional 1,172 shares during the quarter. US Bancorp DE’s holdings in Kinsale Capital Group were worth $140,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kinsale Capital Group by 678.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock worth $122,000 after buying an additional 2,463 shares during the last quarter. Aperio Group LLC purchased a new position in Kinsale Capital Group during the 4th quarter worth approximately $234,000. Voya Investment Management LLC purchased a new position in Kinsale Capital Group during the 2nd quarter worth approximately $230,000. Engineers Gate Manager LP purchased a new position in Kinsale Capital Group during the 3rd quarter worth approximately $328,000. Finally, Alliancebernstein L.P. raised its position in Kinsale Capital Group by 60.3% during the 2nd quarter. Alliancebernstein L.P. now owns 10,900 shares of the financial services provider’s stock worth $407,000 after buying an additional 4,100 shares during the last quarter. 82.55% of the stock is owned by institutional investors.
A number of research firms have issued reports on KNSL. William Blair reissued a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Saturday, December 23rd. Finally, BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Kinsale Capital Group currently has an average rating of “Buy” and a consensus target price of $48.67.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.07 per share. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.56%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 24.14%.
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Kinsale Capital Group 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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