Insider Selling: Kinsale Capital Group Inc (NASDAQ:KNSL) Director Sells $279,000.00 in Stock

Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 3,000 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the sale, the director now directly owns 1,170 shares of the company’s stock, valued at $108,810. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of KNSL opened at $90.77 on Friday. Kinsale Capital Group Inc has a 52-week low of $50.34 and a 52-week high of $99.70. The firm has a fifty day simple moving average of $90.50. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 50.71 and a beta of 0.54.

Kinsale Capital Group (NASDAQ:KNSL) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Kinsale Capital Group had a return on equity of 16.77% and a net margin of 18.52%. The company had revenue of $72.19 million for the quarter, compared to analyst estimates of $62.98 million. Equities analysts expect that Kinsale Capital Group Inc will post 2.42 earnings per share for the current year.

Several research firms recently weighed in on KNSL. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. SunTrust Banks lifted their price target on Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Monday, July 1st. Royal Bank of Canada dropped their price target on Toromont Industries from C$66.00 to C$65.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. TheStreet lowered USD Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. Finally, BidaskClub lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kinsale Capital Group has a consensus rating of “Buy” and an average target price of $92.00.

Several institutional investors and hedge funds have recently modified their holdings of KNSL. BlackRock Inc. increased its stake in shares of Kinsale Capital Group by 19.5% in the 4th quarter. BlackRock Inc. now owns 1,619,686 shares of the financial services provider’s stock valued at $89,989,000 after purchasing an additional 264,220 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kinsale Capital Group by 8.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,459,597 shares of the financial services provider’s stock valued at $100,084,000 after purchasing an additional 119,082 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Kinsale Capital Group by 10.7% in the 1st quarter. Janus Henderson Group PLC now owns 630,428 shares of the financial services provider’s stock valued at $43,228,000 after purchasing an additional 60,851 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Kinsale Capital Group by 314.4% in the 4th quarter. Nuveen Asset Management LLC now owns 43,039 shares of the financial services provider’s stock valued at $2,391,000 after purchasing an additional 32,652 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Kinsale Capital Group by 26.6% during the 4th quarter. Bank of America Corp DE now owns 83,852 shares of the financial services provider’s stock worth $4,660,000 after acquiring an additional 17,607 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

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