Kinsale Capital Group (NASDAQ:KNSL) Reaches New 12-Month High at $89.66

Shares of Kinsale Capital Group Inc (NASDAQ:KNSL) hit a new 52-week high on Tuesday . The company traded as high as $89.66 and last traded at $87.45, with a volume of 18867 shares. The stock had previously closed at $86.95.

KNSL has been the subject of a number of research reports. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Royal Bank of Canada upped their price target on shares of Kinsale Capital Group from $70.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. SunTrust Banks upped their price target on shares of Kinsale Capital Group to $75.00 and gave the stock a “buy” rating in a research report on Monday, February 25th. TheStreet cut shares of Kinsale Capital Group from a “b” rating to a “c+” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research cut shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $83.67.

The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 42.50 and a beta of 0.53.



Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. The company had revenue of $72.19 million during the quarter, compared to analysts’ expectations of $62.98 million. Kinsale Capital Group had a net margin of 18.52% and a return on equity of 16.77%. As a group, equities research analysts anticipate that Kinsale Capital Group Inc will post 2.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Monday, June 3rd will be given a $0.08 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. Kinsale Capital Group’s payout ratio is currently 17.88%.

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 5,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $81.96, for a total value of $409,800.00. Following the completion of the transaction, the director now directly owns 2,281 shares of the company’s stock, valued at approximately $186,950.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $67.93, for a total transaction of $67,930.00. Following the completion of the sale, the director now owns 2,281 shares in the company, valued at approximately $154,948.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,037 shares of company stock valued at $2,272,177. 8.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of KNSL. Rhumbline Advisers raised its stake in shares of Kinsale Capital Group by 47.9% in the 4th quarter. Rhumbline Advisers now owns 25,615 shares of the financial services provider’s stock valued at $1,423,000 after purchasing an additional 8,301 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Kinsale Capital Group by 22.0% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 3,840 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 692 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Kinsale Capital Group by 5.5% in the 4th quarter. WINTON GROUP Ltd now owns 8,837 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 462 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $614,000. Finally, Eaton Vance Management raised its stake in shares of Kinsale Capital Group by 1.9% in the 4th quarter. Eaton Vance Management now owns 86,729 shares of the financial services provider’s stock valued at $4,819,000 after purchasing an additional 1,637 shares in the last quarter. Institutional investors and hedge funds own 83.03% of the company’s stock.

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Kinsale Capital Group Company Profile (NASDAQ:KNSL)

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

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