Kinsale Capital Group (NYSE:KNSL) Insider Salmaan Allibhai Sells 250 Shares

Kinsale Capital Group, Inc. (NYSE:KNSL) insider Salmaan Allibhai sold 250 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the completion of the sale, the insider owned 3,645 shares of the company’s stock, valued at approximately $1,134,214.65. This represents a 6.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $306.79 on Thursday. The stock has a market cap of $7.07 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.01 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company has a fifty day moving average price of $331.70 and a two-hundred day moving average price of $367.75. Kinsale Capital Group, Inc. has a one year low of $293.78 and a one year high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. The firm had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $3.71 earnings per share. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 20.58 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio is currently 4.40%.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayban bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $25,000. eCIO Inc. acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. lifted its position in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 54 shares during the period. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KNSL. BMO Capital Markets downgraded Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price on the stock. in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Royal Bank Of Canada reduced their price target on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Cantor Fitzgerald lowered their price objective on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Truist Financial dropped their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $390.18.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.