SunTrust Banks, Inc. reiterated their buy rating on shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) in a report published on Monday, October 9th. The brokerage currently has a $50.00 price target on the financial services provider’s stock. SunTrust Banks also issued estimates for Kinsale Capital Group’s Q3 2017 earnings at $0.07 EPS and FY2017 earnings at $1.15 EPS. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Kinsale Capital Group from a hold rating to a buy rating and set a $46.00 price target for the company in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued a buy rating and set a $41.00 price target on shares of Kinsale Capital Group in a research report on Sunday, August 6th. Finally, William Blair cut shares of Kinsale Capital Group from an outperform rating to a market perform rating in a research report on Monday, October 9th.
Kinsale Capital Group (NASDAQ KNSL) opened at 43.56 on Monday. The firm has a market cap of $913.37 million, a P/E ratio of 68.60 and a beta of 0.09. Kinsale Capital Group has a 1-year low of $21.01 and a 1-year high of $47.78. The stock has a 50 day moving average price of $41.62 and a 200-day moving average price of $37.73.
COPYRIGHT VIOLATION WARNING: “Kinsale Capital Group’s (KNSL) Buy Rating Reaffirmed at SunTrust Banks, Inc.” was posted by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://baseballnewssource.com/markets/kinsale-capital-group-inc-knsl-receives-buy-rating-from-suntrust-banks-inc/1704240.html.
In related news, Director Frederick L. Jr. Russell sold 124,812 shares of Kinsale Capital Group stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $36.58, for a total transaction of $4,565,622.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Kinsale Capital Group by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock worth $132,000 after buying an additional 515 shares during the last quarter. American International Group Inc. purchased a new position in Kinsale Capital Group in the first quarter worth about $129,000. Hancock Holding Co. purchased a new position in Kinsale Capital Group in the second quarter worth about $216,000. Voya Investment Management LLC purchased a new position in Kinsale Capital Group in the second quarter worth about $230,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Kinsale Capital Group in the first quarter worth about $204,000. 79.79% of the stock is owned by institutional investors and hedge funds.
About Kinsale Capital Group
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.
Receive News & Ratings for Kinsale Capital Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group Inc. and related companies with our FREE daily email newsletter.