Sterling Capital Management LLC lowered its holdings in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 24.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,061 shares of the financial services provider’s stock after selling 7,110 shares during the period. Sterling Capital Management LLC’s holdings in Kinsale Capital Group were worth $1,210,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Hartford Investment Management Co. bought a new position in shares of Kinsale Capital Group during the 2nd quarter valued at $329,000. Voya Investment Management LLC grew its holdings in shares of Kinsale Capital Group by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 7,075 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 915 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Kinsale Capital Group during the 2nd quarter valued at $410,000. First Mercantile Trust Co. grew its holdings in Kinsale Capital Group by 13.8% in the 2nd quarter. First Mercantile Trust Co. now owns 7,839 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 950 shares during the last quarter. Finally, BlueMountain Capital Management LLC grew its holdings in Kinsale Capital Group by 525.6% in the 2nd quarter. BlueMountain Capital Management LLC now owns 9,184 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 7,716 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors.

In other news, SVP William J. Jr. Kenney sold 13,750 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $61.48, for a total value of $845,350.00. Following the completion of the sale, the senior vice president now directly owns 18,414 shares of the company’s stock, valued at approximately $1,132,092.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $59.32, for a total transaction of $59,320.00. Following the completion of the sale, the director now directly owns 1,111 shares of the company’s stock, valued at $65,904.52. The disclosure for this sale can be found here. In the last three months, insiders sold 32,750 shares of company stock worth $1,975,370. Insiders own 8.20% of the company’s stock.

A number of brokerages have issued reports on KNSL. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 price target on shares of Kinsale Capital Group in a report on Tuesday, August 7th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price target on shares of Kinsale Capital Group in a report on Wednesday, August 8th. BidaskClub lowered shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Zacks Investment Research lowered shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Finally, TheStreet raised shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $61.33.

Shares of Kinsale Capital Group stock opened at $61.12 on Monday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 48.90 and a beta of 0.14. Kinsale Capital Group Inc has a 12-month low of $39.38 and a 12-month high of $63.38.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $54.95 million during the quarter, compared to the consensus estimate of $53.63 million. Kinsale Capital Group had a return on equity of 12.59% and a net margin of 13.52%. equities analysts expect that Kinsale Capital Group Inc will post 1.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, August 30th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 22.40%.

About Kinsale Capital Group

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

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