Kinsale Capital Group Inc (NASDAQ:KNSL) CEO Michael P. Kehoe sold 10,000 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $59.24, for a total value of $592,400.00. Following the completion of the transaction, the chief executive officer now owns 352,339 shares of the company’s stock, valued at $20,872,562.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NASDAQ:KNSL traded up $1.24 during trading hours on Friday, hitting $61.06. 58,589 shares of the company were exchanged, compared to its average volume of 70,755. The firm has a market cap of $1.25 billion, a P/E ratio of 48.85 and a beta of 0.63. Kinsale Capital Group Inc has a one year low of $41.40 and a one year high of $64.97.
Kinsale Capital Group (NASDAQ:KNSL) last announced its earnings results on Friday, November 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $60.14 million during the quarter, compared to analyst estimates of $57.62 million. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. On average, equities analysts anticipate that Kinsale Capital Group Inc will post 1.82 earnings per share for the current fiscal year.
A number of brokerages have recently commented on KNSL. Zacks Investment Research cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. BidaskClub cut Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. SunTrust Banks reiterated a “buy” rating and issued a $65.00 price target on shares of Kinsale Capital Group in a research note on Wednesday, August 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, August 7th. Finally, TheStreet upgraded Kinsale Capital Group from a “c” rating to a “b-” rating in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.33.
A number of large investors have recently made changes to their positions in KNSL. Janus Henderson Group PLC bought a new position in Kinsale Capital Group during the 2nd quarter worth $21,432,000. BlackRock Inc. raised its position in Kinsale Capital Group by 32.9% during the 2nd quarter. BlackRock Inc. now owns 1,297,928 shares of the financial services provider’s stock worth $71,207,000 after purchasing an additional 321,668 shares during the last quarter. Hood River Capital Management LLC raised its position in Kinsale Capital Group by 33.9% during the 2nd quarter. Hood River Capital Management LLC now owns 524,541 shares of the financial services provider’s stock worth $28,776,000 after purchasing an additional 132,743 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kinsale Capital Group by 88.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,098 shares of the financial services provider’s stock worth $12,897,000 after purchasing an additional 110,029 shares during the last quarter. Finally, Eaton Vance Management bought a new position in Kinsale Capital Group during the 3rd quarter worth $5,434,000. 81.97% of the stock is owned by institutional investors and hedge funds.
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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