Kinsale Capital Group, Inc. (NYSE:KNSL) EVP Diane D. Schnupp Sells 1,398 Shares

Kinsale Capital Group, Inc. (NYSE:KNSL) EVP Diane D. Schnupp sold 1,398 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the transaction, the executive vice president now owns 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kinsale Capital Group Price Performance

NYSE:KNSL opened at $459.72 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $463.16 and its two-hundred day simple moving average is $462.83. The stock has a market cap of $10.72 billion, a PE ratio of 25.84, a P/E/G ratio of 1.66 and a beta of 1.20. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group’s payout ratio is 3.91%.

Analysts Set New Price Targets

A number of brokerages recently commented on KNSL. Truist Financial decreased their target price on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Morgan Stanley raised their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $484.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Kinsale Capital Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock worth $983,137,000 after acquiring an additional 29,553 shares in the last quarter. Geode Capital Management LLC grew its position in Kinsale Capital Group by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider’s stock worth $254,441,000 after acquiring an additional 16,246 shares in the last quarter. DAVENPORT & Co LLC grew its position in Kinsale Capital Group by 6.2% in the first quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider’s stock worth $263,233,000 after acquiring an additional 31,480 shares in the last quarter. JPMorgan Chase & Co. grew its position in Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after acquiring an additional 131,056 shares in the last quarter. Finally, Geneva Capital Management LLC grew its position in Kinsale Capital Group by 0.6% in the first quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider’s stock worth $197,294,000 after acquiring an additional 2,449 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.