Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 1,000 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $67.75, for a total transaction of $67,750.00. Following the transaction, the director now owns 2,281 shares of the company’s stock, valued at $154,537.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ KNSL traded up $0.72 during mid-day trading on Friday, reaching $69.46. The stock had a trading volume of 52,600 shares, compared to its average volume of 68,379. Kinsale Capital Group Inc has a 1 year low of $49.63 and a 1 year high of $68.54. The firm has a market cap of $1.47 billion, a P/E ratio of 38.80 and a beta of 0.87.
Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Kinsale Capital Group had a net margin of 15.21% and a return on equity of 15.36%. The company had revenue of $56.90 million during the quarter, compared to analyst estimates of $60.43 million. Equities research analysts predict that Kinsale Capital Group Inc will post 2.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 28th were issued a $0.08 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, February 27th. Kinsale Capital Group’s payout ratio is presently 17.88%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC raised its holdings in Kinsale Capital Group by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,231 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 5,059 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in Kinsale Capital Group in the 4th quarter worth approximately $614,000. Howland Capital Management LLC grew its position in Kinsale Capital Group by 18.4% in the 4th quarter. Howland Capital Management LLC now owns 117,654 shares of the financial services provider’s stock worth $6,537,000 after purchasing an additional 18,284 shares during the period. Eaton Vance Management grew its position in 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 worth $4,819,000 after purchasing an additional 1,637 shares during the period. Finally, Teachers Advisors LLC grew its position in Kinsale Capital Group by 12.4% in the 3rd quarter. Teachers Advisors LLC now owns 37,939 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 4,178 shares during the period. Institutional investors own 83.41% of the company’s stock.
Several research firms have recently issued reports on KNSL. Zacks Investment Research lowered shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. William Blair upgraded shares of Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a report on Thursday, December 6th. SunTrust Banks lifted their target price on shares of Kinsale Capital Group to $75.00 and gave the company a “buy” rating in a report on Monday, February 25th. TheStreet lowered shares of Kinsale Capital Group from a “b” rating to a “c+” rating in a report on Friday, February 22nd. Finally, BidaskClub upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $70.67.
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.
See Also: Ex-Dividend
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