Kinsale Capital Group (KNSL) Downgraded by Zacks Investment Research to Sell

Kinsale Capital Group (NASDAQ:KNSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Kinsale Capital Group, Inc. is a specialty insurance company. Its commercial lines offerings include construction, small business, professional liability, excess casualty, energy, general casualty, life sciences, allied health, product liability, healthcare, commercial property, management liability, inland marine, environmental, public entity and commercial insurance. The Company also writes homeowners insurance in the personal lines market. Kinsale Capital Group, Inc. is based in Richmond, Virginia. “

Several other equities research analysts also recently commented on KNSL. William Blair upgraded shares of Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 6th. BidaskClub downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.33.



Shares of NASDAQ:KNSL opened at $58.94 on Tuesday. Kinsale Capital Group has a 52 week low of $45.05 and a 52 week high of $64.97. The firm has a market capitalization of $1.25 billion, a PE ratio of 47.15 and a beta of 0.80.

In related news, CEO Michael P. Kehoe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $59.24, for a total transaction of $592,400.00. Following the transaction, the chief executive officer now owns 352,339 shares in the company, valued at approximately $20,872,562.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $58.60, for a total transaction of $58,600.00. Following the transaction, the director now owns 1,111 shares in the company, valued at approximately $65,104.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,000 shares of company stock worth $708,350. 8.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Martingale Asset Management L P lifted its position in Kinsale Capital Group by 33.1% during the 4th quarter. Martingale Asset Management L P now owns 69,605 shares of the financial services provider’s stock worth $3,868,000 after buying an additional 17,300 shares in the last quarter. BlackRock Inc. raised its holdings in Kinsale Capital Group by 19.5% during the 4th quarter. BlackRock Inc. now owns 1,619,686 shares of the financial services provider’s stock worth $89,989,000 after purchasing an additional 264,220 shares during the last quarter. Lisanti Capital Growth LLC raised its holdings in Kinsale Capital Group by 7.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 66,677 shares of the financial services provider’s stock worth $3,705,000 after purchasing an additional 4,550 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Kinsale Capital Group by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the financial services provider’s stock worth $610,000 after purchasing an additional 1,671 shares during the last quarter. Finally, Eaton Vance Management raised its holdings in Kinsale Capital Group by 1.9% during the 4th quarter. Eaton Vance Management now owns 86,729 shares of the financial services provider’s stock worth $4,819,000 after purchasing an additional 1,637 shares during the last quarter. Institutional investors and hedge funds own 83.49% 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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