Insider Selling: Kinsale Capital Group, Inc. (NYSE:KNSL) EVP Sells $659,856.00 in Stock

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the transaction, the executive vice president now directly owns 6,646 shares of the company's stock, valued at approximately $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kinsale Capital Group Trading Up 3.0%

Shares of Kinsale Capital Group stock traded up $13.93 during trading on Thursday, reaching $473.64. The company's stock had a trading volume of 203,756 shares, compared to its average volume of 173,732. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 52-week low of $366.92 and a 52-week high of $531.79. The firm's 50-day moving average is $463.16 and its two-hundred day moving average is $462.83. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.66 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same period in the previous year, the firm posted $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a $0.17 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Truist Financial lowered their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Morgan Stanley boosted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $484.57.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. lifted its position in Kinsale Capital Group by 11.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 21 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Kinsale Capital Group by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after buying an additional 25 shares during the last quarter. Private Trust Co. NA raised its holdings in Kinsale Capital Group by 2.1% during the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock valued at $627,000 after buying an additional 27 shares during the last quarter. Strategic Advisors LLC boosted its position in Kinsale Capital Group by 0.6% during the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 30 shares during the period. Finally, Xponance Inc. grew its holdings in Kinsale Capital Group by 0.7% in the 1st quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock worth $2,188,000 after acquiring an additional 30 shares during the last quarter. 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.