Insider Selling: Kinsale Capital Group Inc (KNSL) Chairman Sells 1,111 Shares of Stock

Kinsale Capital Group Inc (NASDAQ:KNSL) Chairman Robert Lippincott III sold 1,111 shares of Kinsale Capital Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $84.35, for a total value of $93,712.85. Following the completion of the sale, the chairman now directly owns 10,076 shares of the company’s stock, valued at approximately $849,910.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

KNSL traded up $1.25 during trading hours on Thursday, hitting $86.66. The stock had a trading volume of 129,701 shares, compared to its average volume of 72,664. Kinsale Capital Group Inc has a 1 year low of $50.34 and a 1 year high of $87.85. The firm has a market cap of $1.74 billion, a P/E ratio of 48.41 and a beta of 0.85.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.14. Kinsale Capital Group had a return on equity of 16.77% and a net margin of 18.52%. The company had revenue of $72.19 million during the quarter, compared to analyst estimates of $62.98 million. As a group, sell-side analysts predict that Kinsale Capital Group Inc will post 2.42 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Howland Capital Management LLC grew its holdings in shares of Kinsale Capital Group by 14.0% during the first quarter. Howland Capital Management LLC now owns 134,173 shares of the financial services provider’s stock worth $9,200,000 after purchasing an additional 16,519 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Kinsale Capital Group by 4.5% during the fourth quarter. Northern Trust Corp now owns 281,540 shares of the financial services provider’s stock worth $15,643,000 after purchasing an additional 12,223 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kinsale Capital Group by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 276,564 shares of the financial services provider’s stock worth $15,365,000 after purchasing an additional 17,045 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Kinsale Capital Group during the fourth quarter worth about $614,000. Finally, Eaton Vance Management grew its holdings in shares of Kinsale Capital Group by 1.9% during the fourth quarter. Eaton Vance Management now owns 86,729 shares of the financial services provider’s stock worth $4,819,000 after purchasing an additional 1,637 shares in the last quarter. 83.73% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on KNSL shares. BidaskClub lowered Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Zacks Investment Research raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, TheStreet raised Kinsale Capital Group from a “c+” rating to an “a-” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Kinsale Capital Group has a consensus rating of “Buy” and an average price target of $83.67.

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

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