Kinsale Capital Group (NASDAQ:KNSL) released its quarterly earnings results on Friday. The financial services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49, Fidelity Earnings reports. The company had revenue of $60.14 million during the quarter, compared to analysts’ expectations of $57.62 million.
Shares of Kinsale Capital Group stock traded up $2.58 during trading hours on Friday, hitting $60.42. 208,400 shares of the company’s stock traded hands, compared to its average volume of 51,661. Kinsale Capital Group has a 12-month low of $41.40 and a 12-month high of $64.97.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub raised 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 report on Friday, July 27th. SunTrust Banks reaffirmed a “buy” rating and set a $65.00 target price on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $61.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. Three 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.
In other news, Chairman Robert Lippincott III sold 6,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $59.04, for a total transaction of $354,240.00. Following the completion of the transaction, the chairman now owns 10,017 shares in the company, valued at approximately $591,403.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the 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 transaction, the director now owns 1,111 shares of the company’s stock, valued at approximately $68,115.41. The disclosure for this sale can be found here. Insiders have sold a total of 32,750 shares of company stock valued at $1,981,170 in the last quarter. 8.20% of the stock is owned by corporate insiders.
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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