Kinsale Capital Group, Inc. (NYSE:KNSL) COO Brian D. Haney Sells 3,778 Shares of Stock

Kinsale Capital Group, Inc. (NYSE:KNSL) COO Brian D. Haney sold 3,778 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the transaction, the chief operating officer now directly owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Kinsale Capital Group Stock Up 4.2 %

Shares of NYSE:KNSL opened at $378.61 on Thursday. The firm has a fifty day moving average price of $483.69 and a two-hundred day moving average price of $414.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group, Inc. has a one year low of $297.33 and a one year high of $548.47. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 25.16 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The firm had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. During the same period last year, the firm earned $2.44 EPS. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. Analysts anticipate that Kinsale Capital Group, Inc. will post 15.03 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.15 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Monday, February 26th. Kinsale Capital Group’s payout ratio is currently 3.99%.

Analyst Ratings Changes

KNSL has been the subject of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research note on Monday. Compass Point decreased their price target on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. BMO Capital Markets decreased their price target on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Truist Financial decreased their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $438.43.

Institutional Trading of Kinsale Capital Group

A number of hedge funds have recently made changes to their positions in KNSL. Vanguard Group Inc. lifted its stake in Kinsale Capital Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after purchasing an additional 30,729 shares during the last quarter. Invesco Ltd. lifted its stake in Kinsale Capital Group by 15.4% in the third quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock worth $287,435,000 after purchasing an additional 92,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Kinsale Capital Group in the first quarter worth $196,358,000. DAVENPORT & Co LLC lifted its stake in Kinsale Capital Group by 154.5% in the fourth quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock worth $109,362,000 after purchasing an additional 198,129 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its stake in Kinsale Capital Group by 25.4% in the first quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock worth $163,543,000 after purchasing an additional 63,141 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

About Kinsale Capital Group

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.