Insider Selling: Kinsale Capital Group, Inc. (NYSE:KNSL) Director Sells 4,440 Shares of Stock

Kinsale Capital Group, Inc. (NYSE:KNSL) Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares in the company, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $512.04 on Wednesday. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a market cap of $11.93 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.14 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $462.44 and its 200-day moving average price is $434.56.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same period in the previous year, the firm posted $3.31 EPS. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s payout ratio is currently 3.42%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KNSL shares. Truist Financial lowered their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. Jefferies Financial Group upped their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $456.88.

Institutional Trading of Kinsale Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in shares of Kinsale Capital Group during the 3rd quarter worth approximately $26,000. UMB Bank n.a. grew its position in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont increased its stake in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. Signaturefd LLC raised its position in Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

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.