Susquehanna Fundamental Investments LLC Purchases Shares of 10,200 Kinsale Capital Group Inc (KNSL)
Susquehanna Fundamental Investments LLC purchased a new stake in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,200 shares of the financial services provider’s stock, valued at approximately $524,000.
Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Kinsale Capital Group by 60.6% during the fourth quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 1,172 shares during the period. Aperio Group LLC acquired a new position in Kinsale Capital Group in the 4th quarter valued at approximately $234,000. Suntrust Banks Inc. acquired a new position in Kinsale Capital Group in the 4th quarter valued at approximately $254,000. FDx Advisors Inc. acquired a new position in Kinsale Capital Group in the 1st quarter valued at approximately $266,000. Finally, Teacher Retirement System of Texas acquired a new position in Kinsale Capital Group in the 4th quarter valued at approximately $293,000. Institutional investors and hedge funds own 82.40% of the company’s stock.
Shares of Kinsale Capital Group traded down $0.03, hitting $52.87, during mid-day trading on Monday, according to MarketBeat.com. 150 shares of the company’s stock were exchanged, compared to its average volume of 70,678. Kinsale Capital Group Inc has a twelve month low of $34.70 and a twelve month high of $56.69. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 42.42 and a beta of 0.13.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Monday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, June 1st. Kinsale Capital Group’s dividend payout ratio is currently 22.40%.
In related news, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $56.06, for a total transaction of $56,060.00. Following the completion of the sale, the director now directly owns 1,111 shares of the company’s stock, valued at approximately $62,282.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.20% of the stock is currently owned by corporate insiders.
Several research firms have weighed in on KNSL. Zacks Investment Research lowered shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. BidaskClub lowered shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Finally, ValuEngine upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $49.67.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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