Kinsale Capital Group Inc (NASDAQ:KNSL) hit a new 52-week high on Wednesday . The stock traded as high as $85.81 and last traded at $85.15, with a volume of 121123 shares trading hands. The stock had previously closed at $82.16.
Several research analysts recently commented on the stock. TheStreet raised shares of Kinsale Capital Group from a “c+” rating to an “a-” rating in a research note on Friday, May 10th. Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Tuesday, May 7th. Finally, BidaskClub downgraded shares of Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.67.
The company has a market capitalization of $1.82 billion, a P/E ratio of 47.50 and a beta of 0.85.
Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.14. The company had revenue of $72.19 million for the quarter, compared to the consensus estimate of $62.98 million. Kinsale Capital Group had a net margin of 18.52% and a return on equity of 16.77%. On average, sell-side analysts expect that Kinsale Capital Group Inc will post 2.42 EPS for the current year.
In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $84.46, for a total transaction of $844,600.00. Following the transaction, the chief executive officer now owns 350,339 shares of the company’s stock, valued at approximately $29,589,631.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert Lippincott III sold 1,111 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $84.35, for a total transaction of $93,712.85. Following the transaction, the chairman now directly owns 10,076 shares in the company, valued at approximately $849,910.60. The disclosure for this sale can be found here. Insiders have sold a total of 33,722 shares of company stock worth $2,548,739 in the last three months. Insiders own 8.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpha Omega Wealth Management LLC increased its position in Kinsale Capital Group by 147.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 295 shares during the period. Quadrant Capital Group LLC purchased a new position in Kinsale Capital Group during the 1st quarter valued at about $45,000. One Wealth Advisors LLC purchased a new position in Kinsale Capital Group during the 1st quarter valued at about $69,000. Quantamental Technologies LLC purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $94,000. Finally, Great West Life Assurance Co. Can increased its position in Kinsale Capital Group by 94.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,423 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,179 shares during the period. 83.73% of the stock is currently owned by institutional investors and hedge funds.
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Kinsale Capital Group Company Profile (NASDAQ:KNSL)
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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