Kinsale Capital Group Inc (NASDAQ:KNSL) Receives Average Rating of “Buy” from Analysts

Kinsale Capital Group Inc (NASDAQ:KNSL) has received an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $92.00.

KNSL has been the subject of several analyst reports. TheStreet cut shares of USD Partners from a “b-” rating to a “c+” rating in a report on Friday, May 10th. SunTrust Banks increased their price target on shares of Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Monday, July 1st. Royal Bank of Canada cut their price target on shares of Toromont Industries from C$66.00 to C$65.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Zacks Investment Research cut shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a report on Saturday.

Shares of KNSL traded up $0.48 during mid-day trading on Friday, hitting $91.39. 2,210 shares of the company’s stock were exchanged, compared to its average volume of 101,808. Kinsale Capital Group has a fifty-two week low of $50.34 and a fifty-two week high of $99.70. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 50.83 and a beta of 0.54. The company has a 50 day simple moving average of $91.38.

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

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 3,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the completion of the transaction, the director now directly owns 1,170 shares of the company’s stock, valued at $108,810. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederick L. Jr. Russell sold 5,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $81.96, for a total transaction of $409,800.00. Following the completion of the transaction, the director now directly owns 2,281 shares of the company’s stock, valued at $186,950.76. The disclosure for this sale can be found here. Insiders have sold 30,787 shares of company stock valued at $2,649,350 over the last three months. 8.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Alpha Omega Wealth Management LLC grew its position in shares of Kinsale Capital Group by 147.5% in the first quarter. Alpha Omega Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 295 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $45,000. Great West Life Assurance Co. Can grew its position in shares of Kinsale Capital Group by 94.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,423 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,179 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $129,000. Finally, Legal & General Group Plc grew its position in shares of Kinsale Capital Group by 10.2% in the fourth quarter. Legal & General Group Plc now owns 3,527 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 327 shares during the last quarter. 83.05% of the stock is owned by institutional investors.

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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