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

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

Kinsale Capital Group Price Performance

NYSE KNSL traded down $11.84 during trading hours on Monday, reaching $464.29. The company’s stock had a trading volume of 274,349 shares, compared to its average volume of 199,098. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company’s 50-day moving average is $464.47 and its two-hundred day moving average is $463.12. The stock has a market cap of $10.82 billion, a PE ratio of 26.10, a PEG ratio of 1.66 and a beta of 1.20. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79.

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

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial lowered their target price on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Morgan Stanley increased their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $484.57.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Choreo LLC increased its position in shares of Kinsale Capital Group by 118.2% during the fourth quarter. Choreo LLC now owns 1,704 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 923 shares in the last quarter. Financial Advocates Investment Management acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at $445,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Kinsale Capital Group by 13.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 968 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 113 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $1,071,000. Finally, Entropy Technologies LP bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $1,416,000. Institutional investors and hedge funds 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.