Kinsale Capital Group (NASDAQ:KNSL) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Kinsale Capital Group (NASDAQ:KNSL) from a buy rating to a strong-buy rating in a research report released on Thursday, BidAskClub reports.

KNSL has been the subject of a number of other reports. Zacks Investment Research upgraded Kinsale Capital Group from a hold rating to a strong-buy rating and set a $104.00 price objective for the company in a research note on Tuesday, August 6th. ValuEngine cut Kinsale Capital Group from a strong-buy rating to a buy rating in a research note on Thursday, August 1st. TheStreet upgraded Kinsale Capital Group from a c+ rating to an a- rating in a research note on Friday, May 10th. SunTrust Banks upped their price objective on Kinsale Capital Group from $85.00 to $100.00 and gave the stock a buy rating in a research note on Monday, July 1st. They noted that the move was a valuation call. Finally, Royal Bank of Canada upped their price objective on Kinsale Capital Group from $70.00 to $84.00 and gave the stock an outperform rating in a research note on Monday, May 6th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $96.00.

Shares of NASDAQ KNSL opened at $95.96 on Thursday. The stock has a market capitalization of $2.00 billion, a P/E ratio of 53.61 and a beta of 0.53. Kinsale Capital Group has a 1-year low of $50.34 and a 1-year high of $99.70. The business has a fifty day moving average price of $92.88 and a 200 day moving average price of $78.47.



Kinsale Capital Group (NASDAQ:KNSL) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $72.57 million during the quarter, compared to analysts’ expectations of $69.49 million. Kinsale Capital Group had a return on equity of 16.78% and a net margin of 18.67%. Analysts predict that Kinsale Capital Group will post 2.42 EPS for the current year.

In related news, COO Brian D. Haney sold 2,250 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $83.55, for a total transaction of $187,987.50. Following the transaction, the chief operating officer now directly owns 175,432 shares of the company’s stock, valued at approximately $14,657,343.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bryan P. Petrucelli sold 815 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $87.36, for a total value of $71,198.40. Following the transaction, the chief financial officer now directly owns 59,863 shares in the company, valued at $5,229,631.68. The disclosure for this sale can be found here. Insiders have sold a total of 13,565 shares of company stock worth $1,212,023 over the last ninety days. 8.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in KNSL. Howland Capital Management LLC increased its holdings in shares of Kinsale Capital Group by 14.0% in the first quarter. Howland Capital Management LLC now owns 134,173 shares of the financial services provider’s stock valued at $9,200,000 after purchasing an additional 16,519 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kinsale Capital Group by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 276,564 shares of the financial services provider’s stock valued at $15,365,000 after purchasing an additional 17,045 shares during the period. Bank of America Corp DE increased its holdings in shares of Kinsale Capital Group by 26.6% in the fourth quarter. Bank of America Corp DE now owns 83,852 shares of the financial services provider’s stock valued at $4,660,000 after purchasing an additional 17,607 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Kinsale Capital Group by 18.3% in the fourth quarter. Principal Financial Group Inc. now owns 7,652 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 1,182 shares during the period. Finally, Stanley Laman Group Ltd. increased its holdings in shares of Kinsale Capital Group by 5.3% in the first quarter. Stanley Laman Group Ltd. now owns 11,634 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 590 shares during the period. 82.69% of the stock is currently owned by institutional investors.

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 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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