Kinsale Capital Group, Inc. (NYSE:KNSL) EVP Diane D. Schnupp Sells 500 Shares

Kinsale Capital Group, Inc. (NYSE:KNSL) EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $506.50 on Friday. The business has a 50-day simple moving average of $473.96 and a 200-day simple moving average of $444.13. The company has a market cap of $11.80 billion, a PE ratio of 28.88, a P/E/G ratio of 2.19 and a beta of 1.13. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.61 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s payout ratio is currently 3.42%.

Institutional Investors Weigh In On Kinsale Capital Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake in Kinsale Capital Group by 14.3% in the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider’s stock valued at $45,869,000 after acquiring an additional 12,125 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Kinsale Capital Group during the third quarter worth approximately $398,000. Sanctuary Advisors LLC lifted its stake in Kinsale Capital Group by 34.8% in the third quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider’s stock valued at $863,000 after buying an additional 447 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of Kinsale Capital Group by 13.5% during the third quarter. Arete Wealth Advisors LLC now owns 1,093 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 130 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Kinsale Capital Group by 5.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KNSL shares. Jefferies Financial Group boosted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada reduced their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and a consensus target price of $472.00.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.