Several other research analysts also recently weighed in on KNSL. SunTrust Banks boosted their target price on Kinsale Capital Group from $85.00 to $100.00 and gave the stock a buy rating in a research note on Monday, July 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Kinsale Capital Group from a hold rating to a sell rating in a research note on Wednesday, October 9th. JMP Securities initiated coverage on Kinsale Capital Group in a research note on Friday, September 6th. They set a market perform rating on the stock. UBS Group boosted their target price on Kinsale Capital Group to $112.00 and gave the stock a positive rating in a research note on Thursday, September 26th. Finally, ValuEngine downgraded Kinsale Capital Group from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Kinsale Capital Group has a consensus rating of Hold and a consensus target price of $100.00.
Shares of NASDAQ:KNSL traded down $0.10 during trading on Thursday, hitting $105.62. The company had a trading volume of 99,800 shares, compared to its average volume of 107,561. Kinsale Capital Group has a one year low of $50.34 and a one year high of $108.28. The company has a fifty day simple moving average of $102.79 and a two-hundred day simple moving average of $90.73. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 59.01 and a beta of 0.50.
Kinsale Capital Group (NASDAQ:KNSL) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Kinsale Capital Group had a return on equity of 16.78% and a net margin of 18.67%. The firm had revenue of $72.57 million for the quarter, compared to the consensus estimate of $69.49 million. As a group, research analysts anticipate that Kinsale Capital Group will post 2.42 EPS for the current year.
In other Kinsale Capital Group news, COO Brian D. Haney sold 2,250 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $94.65, for a total transaction of $212,962.50. Following the sale, the chief operating officer now owns 177,249 shares in the company, valued at approximately $16,776,617.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Kehoe sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $93.52, for a total value of $935,200.00. Following the sale, the chief executive officer now owns 357,711 shares in the company, valued at approximately $33,453,132.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,500 shares of company stock worth $2,283,573. Company insiders own 8.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of KNSL. Advisor Group Inc. raised its holdings in Kinsale Capital Group by 2,241.7% in the 2nd quarter. Advisor Group Inc. now owns 281 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 269 shares during the period. Quantamental Technologies LLC raised its holdings in Kinsale Capital Group by 37.7% in the 2nd quarter. Quantamental Technologies LLC now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 297 shares during the period. Bank of Montreal Can acquired a new position in Kinsale Capital Group in the 2nd quarter worth about $169,000. Cim LLC acquired a new position in Kinsale Capital Group in the 3rd quarter worth about $221,000. Finally, Ibex Investors LLC acquired a new position in Kinsale Capital Group in the 2nd quarter worth about $228,000. Institutional investors and hedge funds own 81.76% of the company’s stock.
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 and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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