Insider Selling: Kinsale Capital Group Inc (KNSL) Director Sells 1,000 Shares of Stock

Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $61.31, for a total value of $61,310.00. Following the completion of the transaction, the director now owns 1,111 shares in the company, valued at approximately $68,115.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of KNSL stock opened at $57.80 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 46.24 and a beta of 0.14. Kinsale Capital Group Inc has a 12 month low of $41.40 and a 12 month high of $64.97.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The company had revenue of $54.95 million during the quarter, compared to analyst estimates of $53.63 million. Kinsale Capital Group had a return on equity of 12.59% and a net margin of 13.52%. Sell-side analysts anticipate that Kinsale Capital Group Inc will post 1.87 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Thursday, August 30th. Kinsale Capital Group’s dividend payout ratio is currently 22.40%.

A number of research analysts recently commented on KNSL shares. BidaskClub upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. TheStreet raised Kinsale Capital Group from a “c” rating to a “b-” rating in a research note on Friday, July 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, August 7th. SunTrust Banks reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Kinsale Capital Group in a research note on Wednesday, August 8th. Finally, Zacks Investment Research lowered Kinsale Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $61.33.

Several institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in shares of Kinsale Capital Group by 11.4% in the second quarter. Northern Trust Corp now owns 264,262 shares of the financial services provider’s stock worth $14,497,000 after acquiring an additional 26,948 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Kinsale Capital Group by 13.8% in the second quarter. Bank of New York Mellon Corp now owns 109,217 shares of the financial services provider’s stock worth $5,991,000 after acquiring an additional 13,233 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Kinsale Capital Group by 29.4% in the second quarter. MetLife Investment Advisors LLC now owns 9,172 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 2,085 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Kinsale Capital Group by 29.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,477 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 1,463 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Kinsale Capital Group by 195.5% in the second quarter. Marshall Wace LLP now owns 25,411 shares of the financial services provider’s stock worth $1,394,000 after acquiring an additional 16,811 shares during the period. 82.64% of the stock is currently 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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