Brian D. Haney Sells 2,250 Shares of Kinsale Capital Group Inc (NASDAQ:KNSL) Stock

Kinsale Capital Group Inc (NASDAQ:KNSL) COO Brian D. Haney sold 2,250 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $94.58, for a total value of $212,805.00. Following the transaction, the chief operating officer now owns 177,249 shares of the company’s stock, valued at $16,764,210.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ KNSL opened at $94.67 on Wednesday. The business’s 50 day simple moving average is $90.02. Kinsale Capital Group Inc has a one year low of $50.34 and a one year high of $99.70. The firm has a market capitalization of $2.04 billion, a PE ratio of 52.89 and a beta of 0.54.

Kinsale Capital Group (NASDAQ:KNSL) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.64 EPS 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 business had revenue of $72.19 million during the quarter, compared to analysts’ expectations of $62.98 million. Equities analysts expect that Kinsale Capital Group Inc will post 2.42 EPS for the current year.

A number of brokerages have recently issued reports on KNSL. BidaskClub downgraded YY from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. SunTrust Banks raised their price objective on Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a research report on Monday, July 1st. TheStreet downgraded USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, Royal Bank of Canada lowered their price objective on Toromont Industries from C$66.00 to C$65.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $92.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in Kinsale Capital Group by 18.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the financial services provider’s stock worth $610,000 after purchasing an additional 1,671 shares during the period. BlackRock Inc. lifted its position in Kinsale Capital Group by 19.5% in the fourth quarter. BlackRock Inc. now owns 1,619,686 shares of the financial services provider’s stock worth $89,989,000 after purchasing an additional 264,220 shares during the period. Citigroup Inc. lifted its position in Kinsale Capital Group by 18.6% in the fourth quarter. Citigroup Inc. now owns 6,147 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 963 shares during the period. Northern Trust Corp lifted its position in Kinsale Capital Group by 4.5% in 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 during the period. Finally, Great West Life Assurance Co. Can lifted its position in Kinsale Capital Group by 94.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,423 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,179 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Dividend Achievers

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

Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.