Kinsale Capital Group Inc (KNSL) Director Sells $59,320.00 in Stock

Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $59.32, for a total transaction of $59,320.00. Following the transaction, the director now directly owns 1,111 shares of the company’s stock, valued at $65,904.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kinsale Capital Group opened at $58.94 on Monday, according to MarketBeat. The firm has a market cap of $1.25 billion, a P/E ratio of 47.15 and a beta of 0.20. Kinsale Capital Group Inc has a fifty-two week low of $34.70 and a fifty-two week high of $63.38.

Kinsale Capital Group (NASDAQ:KNSL) last posted its earnings results on Tuesday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The company had revenue of $54.95 million for the quarter, compared to analysts’ expectations of $53.63 million. Kinsale Capital Group had a net margin of 13.52% and a return on equity of 12.59%. equities analysts predict that Kinsale Capital Group Inc will post 1.87 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in KNSL. Deutsche Bank AG lifted its position in Kinsale Capital Group by 16.4% during the fourth quarter. Deutsche Bank AG now owns 35,173 shares of the financial services provider’s stock valued at $1,582,000 after purchasing an additional 4,956 shares during the last quarter. LPL Financial LLC lifted its position in Kinsale Capital Group by 18.8% during the fourth quarter. LPL Financial LLC now owns 10,592 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 1,676 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Kinsale Capital Group during the fourth quarter valued at $319,000. FDx Advisors Inc. bought a new position in Kinsale Capital Group during the first quarter valued at $266,000. Finally, Howland Capital Management LLC lifted its position in Kinsale Capital Group by 48.1% during the first quarter. Howland Capital Management LLC now owns 30,448 shares of the financial services provider’s stock valued at $1,563,000 after purchasing an additional 9,893 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet raised shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a research note on Friday, July 27th. BidaskClub raised shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 4th. SunTrust Banks reaffirmed a “buy” rating and set a $65.00 target price on shares of Kinsale Capital Group in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $61.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.33.

Kinsale Capital Group Company 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 casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

See Also: What is the NASDAQ?

Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply