Kinsale Capital Group, Inc. (NYSE:KNSL) Director Frederick L. Jr. Russell Sells 4,440 Shares

Kinsale Capital Group, Inc. (NYSE:KNSL) Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $506.90 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $461.31 and its 200 day simple moving average is $433.63. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The firm has a market capitalization of $11.81 billion, a PE ratio of 28.90, a P/E/G ratio of 2.14 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period in the prior year, the business earned $3.31 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Truist Financial cut their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $456.88.

Institutional Trading of Kinsale Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in KNSL. Wilmington Savings Fund Society FSB acquired a new position in shares of Kinsale Capital Group in the third quarter valued at approximately $398,000. Sanctuary Advisors LLC raised its holdings in Kinsale Capital Group by 34.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider’s stock valued at $863,000 after acquiring an additional 447 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 13.5% during the third quarter. Arete Wealth Advisors LLC now owns 1,093 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 130 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Kinsale Capital Group by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 74 shares during the last quarter. Finally, Synergy Financial Group LTD grew its position in shares of Kinsale Capital Group by 4.0% in the third quarter. Synergy Financial Group LTD now owns 2,448 shares of the financial services provider’s stock valued at $1,140,000 after purchasing an additional 95 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Company Profile

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.