Rhumbline Advisers Has $2.72 Million Position in Kinsale Capital Group Inc (NASDAQ:KNSL)

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Rhumbline Advisers grew its stake in Kinsale Capital Group Inc (NASDAQ:KNSL) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 26,349 shares of the financial services provider’s stock after buying an additional 471 shares during the quarter. Rhumbline Advisers’ holdings in Kinsale Capital Group were worth $2,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in shares of Kinsale Capital Group by 2,241.7% in the 2nd quarter. Advisor Group Inc. now owns 281 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 269 shares in the last quarter. Quantamental Technologies LLC raised its holdings in Kinsale Capital Group by 37.7% in the 2nd quarter. Quantamental Technologies LLC now owns 1,085 shares of the financial services provider’s stock valued at $99,000 after buying an additional 297 shares during the last quarter. Bank of Montreal Can bought a new position in Kinsale Capital Group in the 2nd quarter valued at approximately $169,000. Cim LLC bought a new position in Kinsale Capital Group in the 3rd quarter valued at approximately $221,000. Finally, Ibex Investors LLC bought a new position in Kinsale Capital Group in the 2nd quarter valued at approximately $228,000. Institutional investors own 79.31% of the company’s stock.

NASDAQ KNSL traded up $0.55 during mid-day trading on Tuesday, hitting $87.51. The company’s stock had a trading volume of 1,633 shares, compared to its average volume of 188,396. The company’s 50 day simple moving average is $101.16 and its 200 day simple moving average is $92.91. Kinsale Capital Group Inc has a twelve month low of $50.34 and a twelve month high of $108.28. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 48.97 and a beta of 0.49.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings results on Friday, November 1st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Kinsale Capital Group had a net margin of 17.83% and a return on equity of 15.68%. The business had revenue of $78.33 million during the quarter, compared to analyst estimates of $76.24 million. As a group, research analysts forecast that Kinsale Capital Group Inc will post 2.4 EPS for the current year.

Several research firms have issued reports on KNSL. BidaskClub lowered shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday. UBS Group raised their price target on shares of Kinsale Capital Group to $112.00 and gave the stock a “positive” rating in a report on Thursday, September 26th. JMP Securities started coverage on shares of Kinsale Capital Group in a report on Friday, September 6th. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, ValuEngine downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $100.00.

In related news, Director Frederick L. Jr. Russell sold 3,000 shares of Kinsale Capital Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.53, for a total value of $289,590.00. Following the completion of the sale, the director now owns 1,170 shares of the company’s stock, valued at approximately $112,940.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael P. Kehoe sold 10,000 shares of Kinsale Capital Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $93.52, for a total transaction of $935,200.00. Following the completion of the sale, the chief executive officer now directly owns 357,711 shares of the company’s stock, valued at approximately $33,453,132.72. The disclosure for this sale can be found here. In the last three months, insiders sold 25,750 shares of company stock valued at $2,521,668. 8.30% of the stock is currently owned by insiders.

Kinsale Capital Group 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 and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.

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Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group Inc (NASDAQ:KNSL).

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

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