Kinsale Capital Group Inc (KNSL) Director Frederick L. Jr. Russell Sells 5,000 Shares

Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $60.35, for a total transaction of $301,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of KNSL traded down $1.09 during trading hours on Friday, reaching $59.84. 421 shares of the company traded hands, compared to its average volume of 67,483. The firm has a market capitalization of $1.29 billion, a P/E ratio of 48.22 and a beta of 0.63. Kinsale Capital Group Inc has a 1-year low of $41.40 and a 1-year high of $64.97.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The business had revenue of $60.14 million during the quarter, compared to analyst estimates of $57.62 million. Kinsale Capital Group had a net margin of 16.33% and a return on equity of 14.84%. Equities research analysts predict that Kinsale Capital Group Inc will post 1.82 earnings per share for the current year.

KNSL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 25th. TheStreet raised shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. SunTrust Banks reissued a “buy” rating and set a $65.00 target price on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $61.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Kinsale Capital Group has a consensus rating of “Hold” and an average price target of $61.33.

Institutional investors and hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System acquired a new position in shares of Kinsale Capital Group during the third quarter valued at about $201,000. Hartford Investment Management Co. acquired a new position in shares of Kinsale Capital Group during the second quarter valued at about $329,000. Metropolitan Life Insurance Co. NY raised its position in shares of Kinsale Capital Group by 29.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 6,477 shares of the financial services provider’s stock valued at $355,000 after buying an additional 1,463 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Kinsale Capital Group by 14.9% during the second quarter. Voya Investment Management LLC now owns 7,075 shares of the financial services provider’s stock valued at $388,000 after buying an additional 915 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Kinsale Capital Group during the second quarter valued at about $410,000. 82.06% of the stock is owned by institutional investors and hedge funds.

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About Kinsale Capital Group

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.

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