Tygh Capital Management Inc. lessened its stake in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,961 shares of the financial services provider’s stock after selling 11,293 shares during the quarter. Kinsale Capital Group comprises 4.1% of Tygh Capital Management Inc.’s portfolio, making the stock its largest holding. Tygh Capital Management Inc. owned approximately 1.23% of Kinsale Capital Group worth $23,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its holdings in shares of Kinsale Capital Group by 2.7% during the first quarter. US Bancorp DE now owns 5,506 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 147 shares in the last quarter. Zions Bancorporation N.A. lifted its position in Kinsale Capital Group by 6.5% in the 2nd quarter. Zions Bancorporation N.A. now owns 3,494 shares of the financial services provider’s stock worth $320,000 after buying an additional 214 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in Kinsale Capital Group by 2.0% in the 2nd quarter. Stanley Laman Group Ltd. now owns 11,865 shares of the financial services provider’s stock worth $1,085,000 after buying an additional 231 shares during the last quarter. Advisor Group Inc. lifted its position in 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 worth $25,000 after buying an additional 269 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC lifted its position in Kinsale Capital Group by 147.5% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $34,000 after buying an additional 295 shares during the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

KNSL has been the subject of a number of recent research reports. BidaskClub upgraded Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. ValuEngine downgraded Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their target price on Kinsale Capital Group from $70.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. SunTrust Banks boosted their price objective on Kinsale Capital Group from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, July 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “strong-buy” rating and set a $104.00 price objective for the company in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $96.00.

In related news, COO Brian D. Haney sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $83.55, for a total transaction of $187,987.50. Following the completion of the transaction, the chief operating officer now owns 175,432 shares in the company, valued at $14,657,343.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederick L. Jr. Russell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the transaction, the director now owns 1,170 shares of the company’s stock, valued at approximately $108,810. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,565 shares of company stock valued at $1,212,023. 8.30% of the stock is owned by corporate insiders.

Shares of Kinsale Capital Group stock traded down $0.10 during midday trading on Wednesday, reaching $94.75. 1,036 shares of the company’s stock traded hands, compared to its average volume of 140,580. The company has a market cap of $2.05 billion, a PE ratio of 52.93 and a beta of 0.53. The stock has a 50 day moving average of $93.21 and a 200-day moving average of $78.92. Kinsale Capital Group Inc has a 12 month low of $50.34 and a 12 month high of $99.70.

Kinsale Capital Group (NASDAQ:KNSL) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $72.57 million during the quarter, compared to the consensus estimate of $69.49 million. Kinsale Capital Group had a return on equity of 16.78% and a net margin of 18.67%. Research analysts anticipate that Kinsale Capital Group Inc will post 2.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. Kinsale Capital Group’s dividend payout ratio is presently 17.88%.

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

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