Kinsale Capital Group (KNSL) Cut to Hold at BidaskClub

Kinsale Capital Group (NASDAQ:KNSL) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other equities analysts have also commented on KNSL. Zacks Investment Research upgraded Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. William Blair upgraded Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Kinsale Capital Group currently has an average rating of “Buy” and a consensus target price of $61.33.

Shares of NASDAQ:KNSL opened at $58.36 on Friday. Kinsale Capital Group has a 52-week low of $41.49 and a 52-week high of $64.97. The firm has a market capitalization of $1.26 billion, a PE ratio of 46.69 and a beta of 0.62.



Kinsale Capital Group (NASDAQ:KNSL) last issued its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. The business had revenue of $60.14 million for the quarter, compared to the consensus estimate of $57.62 million. As a group, sell-side analysts anticipate that Kinsale Capital Group will post 1.82 EPS for the current fiscal year.

In related news, CEO Michael P. Kehoe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $59.24, for a total value of $592,400.00. Following the completion of the transaction, the chief executive officer now directly owns 352,339 shares in the company, valued at $20,872,562.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $61.31, for a total value of $61,310.00. Following the completion of the transaction, the director now owns 1,111 shares of the company’s stock, valued at $68,115.41. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock valued at $1,076,340 over the last quarter. Insiders own 8.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KNSL. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Kinsale Capital Group in the second quarter valued at $410,000. Wells Fargo & Company MN increased its stake in Kinsale Capital Group by 16.2% during the second quarter. Wells Fargo & Company MN now owns 590,558 shares of the financial services provider’s stock worth $32,398,000 after acquiring an additional 82,163 shares during the last quarter. First Trust Advisors LP acquired a new stake in Kinsale Capital Group during the second quarter worth about $4,161,000. Victory Capital Management Inc. increased its stake in Kinsale Capital Group by 0.4% during the second quarter. Victory Capital Management Inc. now owns 238,007 shares of the financial services provider’s stock worth $13,057,000 after acquiring an additional 901 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Kinsale Capital Group by 45.2% during the second quarter. Rhumbline Advisers now owns 18,364 shares of the financial services provider’s stock worth $1,007,000 after acquiring an additional 5,716 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Kinsale Capital Group Company Profile

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 casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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