American Century Companies Inc. boosted its position in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 31.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 574,173 shares of the financial services provider’s stock after purchasing an additional 137,172 shares during the quarter. American Century Companies Inc.’s holdings in Kinsale Capital Group were worth $25,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KNSL. Vanguard Group Inc. grew its position in Kinsale Capital Group by 43.6% during the 2nd quarter. Vanguard Group Inc. now owns 727,797 shares of the financial services provider’s stock valued at $27,154,000 after purchasing an additional 220,959 shares during the last quarter. Bamco Inc. NY grew its position in Kinsale Capital Group by 14.8% during the 3rd quarter. Bamco Inc. NY now owns 1,340,484 shares of the financial services provider’s stock valued at $57,869,000 after purchasing an additional 172,674 shares during the last quarter. State Street Corp grew its position in Kinsale Capital Group by 109.2% during the 2nd quarter. State Street Corp now owns 221,320 shares of the financial services provider’s stock valued at $8,260,000 after purchasing an additional 115,529 shares during the last quarter. Northern Trust Corp grew its position in Kinsale Capital Group by 122.2% during the 2nd quarter. Northern Trust Corp now owns 206,060 shares of the financial services provider’s stock valued at $7,688,000 after purchasing an additional 113,326 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Kinsale Capital Group by 13.7% during the 3rd quarter. Wells Fargo & Company MN now owns 502,347 shares of the financial services provider’s stock valued at $21,686,000 after purchasing an additional 60,509 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors.

Shares of Kinsale Capital Group Inc (KNSL) opened at $47.50 on Thursday. The stock has a market cap of $988.83 and a PE ratio of 39.26. Kinsale Capital Group Inc has a 1-year low of $28.67 and a 1-year high of $49.17.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.06. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 19.83%.

Several brokerages recently commented on KNSL. William Blair reissued a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.33.

In other news, SVP Ann Marie Marson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.00, for a total transaction of $322,500.00. Following the sale, the senior vice president now owns 105,334 shares of the company’s stock, valued at approximately $4,529,362. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.20% of the company’s stock.

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Kinsale Capital Group 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.

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

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