Lazard Asset Management LLC Takes $592,000 Position in Kinsale Capital Group Inc (KNSL)

Lazard Asset Management LLC purchased a new position in Kinsale Capital Group Inc (NASDAQ:KNSL) in the 4th quarter, HoldingsChannel reports. The firm purchased 13,176 shares of the financial services provider’s stock, valued at approximately $592,000.

A number of other large investors have also bought and sold shares of the stock. US Bancorp DE raised its position in Kinsale Capital Group by 60.6% in the fourth quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 1,172 shares in the last quarter. Cadence Capital Management LLC raised its position in Kinsale Capital Group by 5.1% in the third quarter. Cadence Capital Management LLC now owns 39,290 shares of the financial services provider’s stock worth $1,696,000 after purchasing an additional 1,898 shares in the last quarter. Prudential Financial Inc. raised its position in Kinsale Capital Group by 5.0% in the third quarter. Prudential Financial Inc. now owns 51,115 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 2,440 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kinsale Capital Group by 678.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 2,463 shares in the last quarter. Finally, Elk Creek Partners LLC raised its position in Kinsale Capital Group by 2.2% in the third quarter. Elk Creek Partners LLC now owns 227,095 shares of the financial services provider’s stock worth $9,804,000 after purchasing an additional 4,897 shares in the last quarter. 83.06% of the stock is owned by hedge funds and other institutional investors.

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Shares of Kinsale Capital Group Inc (KNSL) opened at $52.93 on Tuesday. The firm has a market cap of $1,114.65, a PE ratio of 42.37 and a beta of 0.11. Kinsale Capital Group Inc has a 52 week low of $30.36 and a 52 week high of $53.24.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.53%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 24.14%.

Several research analysts recently issued reports on KNSL shares. Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, February 21st. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, William Blair reissued a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $48.67.

In other Kinsale Capital Group news, SVP William J. Jr. Kenney sold 13,750 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $51.79, for a total transaction of $712,112.50. Following the sale, the senior vice president now directly owns 18,286 shares of the company’s stock, valued at $947,031.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.20% of the stock is currently owned by corporate insiders.

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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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