California Public Employees Retirement System Sells 1,900 Shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL)

California Public Employees Retirement System cut its stake in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,800 shares of the financial services provider’s stock after selling 1,900 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Kinsale Capital Group worth $1,339,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Old Mutual Global Investors UK Ltd. bought a new position in Kinsale Capital Group during the first quarter valued at about $793,000. Prudential Financial Inc. increased its position in Kinsale Capital Group by 119.1% in the first quarter. Prudential Financial Inc. now owns 99,095 shares of the financial services provider’s stock valued at $3,175,000 after buying an additional 53,877 shares in the last quarter. State Street Corp increased its position in 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 valued at $3,382,000 after buying an additional 54,503 shares in the last quarter. Victory Capital Management Inc. increased its position in Kinsale Capital Group by 1.2% in the first quarter. Victory Capital Management Inc. now owns 830,650 shares of the financial services provider’s stock valued at $26,614,000 after buying an additional 9,535 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Kinsale Capital Group by 2.5% in the first quarter. Blair William & Co. IL now owns 48,450 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 1,200 shares in the last quarter. 64.40% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group, Inc. (KNSL) opened at 36.93 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $19.02 and a 1-year high of $45.69. The firm has a 50-day moving average of $38.27 and a 200 day moving average of $34.57. The firm has a market cap of $774.35 million and a P/E ratio of 58.16.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Tuesday, August 29th. Kinsale Capital Group’s payout ratio is currently 19.20%.

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KNSL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, August 8th. SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $38.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, July 18th. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $39.00.

Kinsale Capital Group Company 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.

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

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