Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 3,000 shares of Kinsale Capital Group stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $102.28, for a total value of $306,840.00. Following the sale, the director now directly owns 1,170 shares of the company’s stock, valued at approximately $119,667.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Kinsale Capital Group stock traded up $0.66 during midday trading on Friday, hitting $104.80. The company had a trading volume of 81,256 shares, compared to its average volume of 157,734. The company has a 50 day moving average of $100.37 and a 200 day moving average of $88.10. Kinsale Capital Group Inc has a 52-week low of $50.34 and a 52-week high of $105.99. The stock has a market capitalization of $2.21 billion, a P/E ratio of 58.55 and a beta of 0.50.
Kinsale Capital Group (NASDAQ:KNSL) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. Kinsale Capital Group had a return on equity of 16.78% and a net margin of 18.67%. The business had revenue of $72.57 million for the quarter, compared to the consensus estimate of $69.49 million. As a group, equities analysts expect that Kinsale Capital Group Inc will post 2.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $0.08 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. Kinsale Capital Group’s dividend payout ratio is currently 17.88%.
A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks upped their price target 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. JMP Securities assumed coverage on Kinsale Capital Group in a research report on Friday, September 6th. They set a “market perform” rating for the company. Zacks Investment Research lowered Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BidaskClub lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $100.00.
A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its stake in Kinsale Capital Group by 2.7% in the 1st quarter. US Bancorp DE now owns 5,506 shares of the financial services provider’s stock worth $378,000 after buying an additional 147 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of Kinsale Capital Group by 6.5% during the second quarter. Zions Bancorporation N.A. now owns 3,494 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 214 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in Kinsale Capital Group by 2.0% in the second 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 in the last quarter. Advisor Group Inc. raised its stake in Kinsale Capital Group by 2,241.7% in the second quarter. Advisor Group Inc. now owns 281 shares of the financial services provider’s stock worth $25,000 after buying an additional 269 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in Kinsale Capital Group by 7.4% in the second quarter. Aperio Group LLC now owns 4,299 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 297 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.
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 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.
Featured Story: How to Invest in a Bull Market
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.