Kinsale Capital Group (NASDAQ:KNSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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 research firms also recently weighed in on KNSL. BidaskClub downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. William Blair raised Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.33.

NASDAQ KNSL opened at $57.38 on Friday. Kinsale Capital Group has a 1-year low of $43.40 and a 1-year high of $64.97. The company has a market capitalization of $1.20 billion, a P/E ratio of 45.90 and a beta of 0.95.

Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. The firm had revenue of $60.14 million during the quarter, compared to the consensus estimate of $57.62 million. As a group, equities analysts predict that Kinsale Capital Group will post 1.8 earnings per share for the current fiscal year.

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $59.24, for a total transaction of $592,400.00. Following the completion of the transaction, the chief executive officer now owns 352,339 shares of the company’s stock, valued at $20,872,562.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $57.35, for a total value of $57,350.00. Following the transaction, the director now directly owns 2,281 shares of the company’s stock, valued at approximately $130,815.35. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $1,070,230 in the last three months. 8.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in KNSL. BlackRock Inc. increased its position in Kinsale Capital Group by 32.9% during the second quarter. BlackRock Inc. now owns 1,297,928 shares of the financial services provider’s stock worth $71,207,000 after buying an additional 321,668 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Kinsale Capital Group by 992,674.2% in the third quarter. Clearbridge Investments LLC now owns 307,760 shares of the financial services provider’s stock valued at $19,654,000 after purchasing an additional 307,729 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Kinsale Capital Group by 88.0% in the second quarter. Dimensional Fund Advisors LP now owns 235,098 shares of the financial services provider’s stock valued at $12,897,000 after purchasing an additional 110,029 shares during the period. Janus Henderson Group PLC grew its position in shares of Kinsale Capital Group by 21.9% in the third quarter. Janus Henderson Group PLC now owns 476,063 shares of the financial services provider’s stock valued at $30,401,000 after purchasing an additional 85,391 shares during the period. Finally, Eaton Vance Management purchased a new stake in shares of Kinsale Capital Group in the third quarter valued at $5,434,000. 83.38% of the stock is owned by institutional investors.

About Kinsale Capital Group

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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