Kinsale Capital Group Inc (KNSL) Director Frederick L. Jr. Russell Sells 5,000 Shares

Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 5,000 shares of Kinsale Capital Group stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $60.35, for a total value of $301,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Kinsale Capital Group stock traded down $0.31 on Thursday, reaching $60.93. 87,524 shares of the company were exchanged, compared to its average volume of 67,483. Kinsale Capital Group Inc has a 1-year low of $41.40 and a 1-year high of $64.97. The company has a market cap of $1.29 billion, a PE ratio of 48.74 and a beta of 0.63.

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

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. SunTrust Banks reissued a “buy” rating and set a $65.00 price objective on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Royal Bank of Canada reissued a “buy” rating and set a $61.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. Finally, TheStreet raised Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $61.33.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System acquired a new position in Kinsale Capital Group in the third quarter valued at approximately $201,000. Hartford Investment Management Co. acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $329,000. Metropolitan Life Insurance Co. NY boosted its holdings in Kinsale Capital Group by 29.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,477 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 1,463 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Kinsale Capital Group by 14.9% in the second quarter. Voya Investment Management LLC now owns 7,075 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 915 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $410,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

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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 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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