Kinsale Capital Group, Inc. (NYSE:KNSL – Get Free Report) EVP Diane D. Schnupp sold 1,398 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Kinsale Capital Group Stock Performance
Shares of Kinsale Capital Group stock opened at $459.68 on Wednesday. The firm has a market cap of $10.72 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20. The firm’s 50-day simple moving average is $463.16 and its 200-day simple moving average is $462.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79.
Kinsale Capital Group (NYSE:KNSL – Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. Equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.
Kinsale Capital Group Dividend Announcement
Analysts Set New Price Targets
A number of equities analysts have commented on KNSL shares. JPMorgan Chase & Co. cut their price objective 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. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Truist Financial cut their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $484.57.
View Our Latest Stock Report on KNSL
Institutional Investors Weigh In On Kinsale Capital Group
A number of institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 21 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Kinsale Capital Group by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 25 shares during the period. Private Trust Co. NA raised its stake in Kinsale Capital Group by 2.1% during the first quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 27 shares during the period. Strategic Advisors LLC raised its stake in Kinsale Capital Group by 0.6% during the first quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider’s stock worth $2,568,000 after acquiring an additional 30 shares during the period. Finally, Xponance Inc. raised its stake in Kinsale Capital Group by 0.7% during the first quarter. Xponance Inc. now owns 4,496 shares of the financial services provider’s stock worth $2,188,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.
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.
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