Secondary Stock Offerings
By The Online Investor Staff, updated Thu., Aug. 6, 8:31 AM
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Slide #3. Kinsale Capital Group, Inc — Secondary Offering
Company:
Kinsale Capital Group, Inc (NASDAQ:KNSL)
Date announced:
8/3/2020
Shares Offered:
270,000
Secondary Offering Details:
Kinsale Capital Group, Inc. (NASDAQ: KNSL) ("Kinsale" or the "Company") today announced that it intends to offer 270,000 shares of common stock in an underwritten public offering under an effective shelf registration statement on file with the Securities and Exchange Commission (the "SEC"). Kinsale also expects to grant the underwriters a 30-day option to purchase up to an additional 40,500 shares of common stock. All of the shares in the offering are to be sold by Kinsale.
Kinsale Capital Group is an insurance holding company. Through its subsidiaries, Co. is a property and casualty insurance company that focuses on the excess and surplus lines market, where it can use its underwriting capabilities to write coverages for hard-to-place small business risks and personal lines risks. Co.'s commercial lines offerings include construction, small business, excess casualty, commercial property, product liability, allied health, general casualty, professional liability, life sciences, energy, management liability, health care, environmental, commercial insurance and public entity. Co. also writes a small amount of homeowners insurance in the personal lines market.
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Avg. Broker Rec.
  
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Buy (2.83 out of 4) 30th percentile
(ranked lower than approx. 70% of all stocks covered)
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