Kinsale Capital Group (NYSE:KNSL) Stock Price Down 4.1% After Insider Selling

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report)'s share price fell 4.1% on Monday after an insider sold shares in the company. The company traded as low as $461.01 and last traded at $456.78. 12,153 shares were traded during trading, a decline of 93% from the average session volume of 171,147 shares. The stock had previously closed at $476.13.

Specifically, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the transaction, the executive vice president now directly owns 6,646 shares of the company's stock, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

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

Kinsale Capital Group Stock Performance

The business has a fifty day simple moving average of $463.16 and a two-hundred day simple moving average of $462.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.04 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.66 and a beta of 1.20.

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

Kinsale Capital Group Dividend Announcement

The business also recently disclosed 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 is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.91%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KNSL. GAMMA Investing LLC raised its stake in shares of Kinsale Capital Group by 59,220.7% in the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after buying an additional 308,540 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Kinsale Capital Group during the 1st quarter valued at approximately $125,003,000. Norges Bank bought a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $89,200,000. Alliancebernstein L.P. raised its stake in Kinsale Capital Group by 486.3% during the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock valued at $99,559,000 after purchasing an additional 177,540 shares during the period. Finally, First Manhattan CO. LLC. raised its stake in Kinsale Capital Group by 401.4% during the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider's stock valued at $97,961,000 after purchasing an additional 161,132 shares during the period. Institutional investors own 85.36% of the company's stock.

About Kinsale Capital Group

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.