Kinsale Capital Group (KNSL) Upgraded to “Outperform” at William Blair

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Kinsale Capital Group (NASDAQ:KNSL) was upgraded by research analysts at William Blair from a “market perform” rating to an “outperform” rating in a report released on Thursday, The Fly reports.

KNSL has been the topic of several other reports. Zacks Investment Research upgraded Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th. BidaskClub downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $65.00 target price on shares of Kinsale Capital Group in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Kinsale Capital Group presently has an average rating of “Buy” and an average target price of $61.33.

Shares of Kinsale Capital Group stock traded down $1.21 during trading hours on Thursday, reaching $58.36. The stock had a trading volume of 107,400 shares, compared to its average volume of 80,399. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 46.69 and a beta of 0.62. Kinsale Capital Group has a 1 year low of $41.49 and a 1 year high of $64.97.

Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $60.14 million for the quarter, compared to the consensus estimate of $57.62 million. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. Analysts expect that Kinsale Capital Group will post 1.82 EPS for the current fiscal year.

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $60.35, for a total transaction of $301,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $60.75, for a total value of $60,750.00. Following the sale, the director now owns 1,111 shares of the company’s stock, valued at approximately $67,493.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,000 shares of company stock worth $1,076,340. Company insiders own 8.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of KNSL. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Kinsale Capital Group during the 2nd quarter valued at approximately $410,000. Wells Fargo & Company MN grew its stake in Kinsale Capital Group by 16.2% during the 2nd quarter. Wells Fargo & Company MN now owns 590,558 shares of the financial services provider’s stock valued at $32,398,000 after purchasing an additional 82,163 shares in the last quarter. First Trust Advisors LP acquired a new stake in Kinsale Capital Group during the 2nd quarter valued at approximately $4,161,000. Victory Capital Management Inc. grew its stake in Kinsale Capital Group by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 238,007 shares of the financial services provider’s stock valued at $13,057,000 after purchasing an additional 901 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Kinsale Capital Group by 45.2% during the 2nd quarter. Rhumbline Advisers now owns 18,364 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 5,716 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

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 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.

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