Kinsale Capital Group Inc (NASDAQ:KNSL) CFO Bryan P. Petrucelli sold 815 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $87.36, for a total transaction of $71,198.40. Following the transaction, the chief financial officer now owns 59,863 shares of the company’s stock, valued at approximately $5,229,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
KNSL stock opened at $87.54 on Thursday. Kinsale Capital Group Inc has a 12 month low of $50.34 and a 12 month high of $91.25. The business has a 50-day moving average of $85.77. The stock has a market cap of $1.86 billion, a P/E ratio of 42.62 and a beta of 0.53.
Kinsale Capital Group (NASDAQ:KNSL) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Kinsale Capital Group had a net margin of 18.52% and a return on equity of 16.77%. The company had revenue of $72.19 million for the quarter, compared to analysts’ expectations of $62.98 million. Analysts expect that Kinsale Capital Group Inc will post 2.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Friday, May 31st. Kinsale Capital Group’s payout ratio is 17.88%.
Institutional investors have recently modified their holdings of the business. Howland Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 14.0% in the 1st quarter. Howland Capital Management LLC now owns 134,173 shares of the financial services provider’s stock valued at $9,200,000 after buying an additional 16,519 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Kinsale Capital Group by 4.5% in the 4th quarter. Northern Trust Corp now owns 281,540 shares of the financial services provider’s stock valued at $15,643,000 after buying an additional 12,223 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kinsale Capital Group by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 276,564 shares of the financial services provider’s stock valued at $15,365,000 after buying an additional 17,045 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $614,000. Finally, Eaton Vance Management boosted its holdings in shares of Kinsale Capital Group by 1.9% in the 4th quarter. Eaton Vance Management now owns 86,729 shares of the financial services provider’s stock valued at $4,819,000 after buying an additional 1,637 shares in the last quarter. Institutional investors own 83.03% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. BidaskClub raised shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Royal Bank of Canada raised their price target on shares of Kinsale Capital Group from $70.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Finally, TheStreet raised shares of Kinsale Capital Group from a “c+” rating to an “a-” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $83.67.
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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