Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell Sells 5,000 Shares

Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 5,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $60.35, for a total value of $301,750.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of KNSL traded up $0.35 during mid-day trading on Monday, reaching $62.56. The company’s stock had a trading volume of 45,200 shares, compared to its average volume of 80,313. The firm has a market capitalization of $1.32 billion, a P/E ratio of 50.05 and a beta of 0.62. Kinsale Capital Group Inc has a 1 year low of $41.49 and a 1 year high of $64.97.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings results on Friday, November 2nd. The financial services provider reported $0.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.49. Kinsale Capital Group had a net margin of 16.33% and a return on equity of 14.84%. The business had revenue of $60.14 million for the quarter, compared to the consensus estimate of $57.62 million. On average, equities analysts expect that Kinsale Capital Group Inc will post 1.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 22.40%.

A number of brokerages have recently commented on KNSL. Zacks Investment Research downgraded Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. SunTrust Banks reiterated a “buy” rating and set a $65.00 price objective on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $61.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $61.33.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Kinsale Capital Group by 45.2% in the second quarter. Rhumbline Advisers now owns 18,364 shares of the financial services provider’s stock worth $1,007,000 after acquiring an additional 5,716 shares during the last quarter. Northern Trust Corp increased its position in Kinsale Capital Group by 11.4% during the second quarter. Northern Trust Corp now owns 264,262 shares of the financial services provider’s stock worth $14,497,000 after buying an additional 26,948 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Kinsale Capital Group by 88.0% during the second quarter. Dimensional Fund Advisors LP now owns 235,098 shares of the financial services provider’s stock worth $12,897,000 after buying an additional 110,029 shares during the last quarter. Cadence Capital Management LLC increased its position in Kinsale Capital Group by 20.0% during the third quarter. Cadence Capital Management LLC now owns 44,065 shares of the financial services provider’s stock worth $2,814,000 after buying an additional 7,355 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Kinsale Capital Group by 4.2% during the second quarter. Bank of America Corp DE now owns 66,084 shares of the financial services provider’s stock worth $3,626,000 after buying an additional 2,683 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

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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 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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Insider Buying and Selling by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

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