Kinsale Capital Group (NYSE:KNSL) Stock Price Down 4.1% Following Insider Selling

Kinsale Capital Group, Inc. (NYSE:KNSL)’s stock price was down 4.1% during trading on Monday following insider selling activity. The company traded as low as $461.01 and last traded at $456.78. Approximately 12,153 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 171,147 shares. The stock had previously closed at $476.13.

Specifically, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the transaction, the executive vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Morgan Stanley lifted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Truist Financial cut their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $484.57.

Kinsale Capital Group Stock Down 1.4%

The firm’s 50 day simple moving average is $463.16 and its two-hundred day simple moving average is $462.85. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.66 and a beta of 1.20. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $425.73 million. During the same quarter last year, the business earned $3.50 earnings per share. Kinsale Capital Group’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a $0.17 dividend. This represents a yield of 0.15%. The ex-dividend date is Thursday, May 29th. Kinsale Capital Group’s payout ratio is 3.91%.

Institutional Trading of Kinsale Capital Group

A number of hedge funds have recently added to or reduced their stakes in KNSL. Key Financial Inc boosted its holdings in shares of Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of Kinsale Capital Group in the first quarter valued at approximately $31,000. Larson Financial Group LLC raised its holdings in Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after buying an additional 74 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Kinsale Capital Group in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.