Insider Selling: Kinsale Capital Group, Inc. (NYSE:KNSL) COO Sells 3,778 Shares of Stock

Kinsale Capital Group, Inc. (NYSE:KNSL) COO Brian D. Haney sold 3,778 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kinsale Capital Group Trading Down 1.5 %

Shares of Kinsale Capital Group stock opened at $373.11 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. Kinsale Capital Group, Inc. has a 52 week low of $297.33 and a 52 week high of $548.47. The stock has a 50 day moving average price of $481.04 and a two-hundred day moving average price of $413.92. The stock has a market capitalization of $8.65 billion, a PE ratio of 24.79 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The firm had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same quarter last year, the firm posted $2.44 earnings per share. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.03 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds have recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Emerald Advisers LLC bought a new position in shares of Kinsale Capital Group in the third quarter valued at approximately $33,000. Brown Brothers Harriman & Co. bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Beacon Capital Management LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research note on Monday. Truist Financial decreased their price target on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets decreased their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Compass Point decreased their target price on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $438.43.

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.