Kinsale Capital Group Inc (NASDAQ:KNSL) COO Sells $212,805.00 in Stock

Kinsale Capital Group Inc (NASDAQ:KNSL) COO Brian D. Haney sold 2,250 shares of Kinsale Capital Group stock in a transaction on Friday, July 12th. The shares were sold at an average price of $94.58, for a total value of $212,805.00. Following the completion of the transaction, the chief operating officer now owns 177,249 shares of the company’s stock, valued at approximately $16,764,210.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NASDAQ KNSL opened at $92.00 on Thursday. The company has a fifty day moving average price of $90.15. The firm has a market cap of $2.06 billion, a PE ratio of 51.40 and a beta of 0.54. Kinsale Capital Group Inc has a 52 week low of $50.34 and a 52 week high of $99.70.

Kinsale Capital Group (NASDAQ:KNSL) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.14. The company had revenue of $72.19 million during the quarter, compared to analysts’ expectations of $62.98 million. Kinsale Capital Group had a return on equity of 16.77% and a net margin of 18.52%. Equities analysts predict that Kinsale Capital Group Inc will post 2.42 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Howland Capital Management LLC grew its stake in shares of Kinsale Capital Group by 14.0% during the first quarter. Howland Capital Management LLC now owns 134,173 shares of the financial services provider’s stock worth $9,200,000 after purchasing an additional 16,519 shares during the period. Northern Trust Corp grew its stake in shares of Kinsale Capital Group by 4.5% during the fourth quarter. Northern Trust Corp now owns 281,540 shares of the financial services provider’s stock worth $15,643,000 after purchasing an additional 12,223 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Kinsale Capital Group by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 276,564 shares of the financial services provider’s stock worth $15,365,000 after purchasing an additional 17,045 shares during the period. Bank of America Corp DE grew its stake in shares of Kinsale Capital Group by 26.6% during the fourth quarter. Bank of America Corp DE now owns 83,852 shares of the financial services provider’s stock worth $4,660,000 after purchasing an additional 17,607 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Kinsale Capital Group by 18.6% during the fourth quarter. Citigroup Inc. now owns 6,147 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 963 shares during the period. 83.01% of the stock is owned by institutional investors.

KNSL has been the subject of several research analyst reports. BidaskClub downgraded YY from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. TheStreet cut USD Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Finally, SunTrust Banks lifted their target price on Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Monday, July 1st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $92.00.

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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