BidaskClub upgraded shares of Kinsale Capital Group (NASDAQ:KNSL) from a buy rating to a strong-buy rating in a report released on Thursday, BidAskClub reports.

A number of other equities analysts also recently commented on KNSL. Royal Bank of Canada lifted their price objective on Kinsale Capital Group from $70.00 to $84.00 and gave the stock an outperform rating in a research report on Monday, May 6th. SunTrust Banks lifted their price objective on Kinsale Capital Group from $85.00 to $100.00 and gave the stock a buy rating in a research report on Monday, July 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded Kinsale Capital Group from a hold rating to a strong-buy rating and set a $104.00 price objective on the stock in a research report on Tuesday, August 6th. TheStreet upgraded Kinsale Capital Group from a c+ rating to an a- rating in a research report on Friday, May 10th. Finally, ValuEngine downgraded Kinsale Capital Group from a strong-buy rating to a buy rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $96.00.

Shares of Kinsale Capital Group stock opened at $95.96 on Thursday. Kinsale Capital Group has a one year low of $50.34 and a one year high of $99.70. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 53.61 and a beta of 0.53. The business’s 50 day moving average price is $92.88 and its 200 day moving average price is $78.47.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Kinsale Capital Group had a return on equity of 16.78% and a net margin of 18.67%. The firm had revenue of $72.57 million for the quarter, compared to the consensus estimate of $69.49 million. Equities analysts predict that Kinsale Capital Group will post 2.42 EPS for the current fiscal year.

In other Kinsale Capital Group news, COO Brian D. Haney sold 2,250 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $94.58, for a total transaction of $212,805.00. Following the completion of the sale, the chief operating officer now owns 177,249 shares of the company’s stock, valued at $16,764,210.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bryan P. Petrucelli sold 815 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $87.36, for a total value of $71,198.40. Following the sale, the chief financial officer now directly owns 59,863 shares of the company’s stock, valued at approximately $5,229,631.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,565 shares of company stock worth $1,212,023. 8.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of KNSL. Advisor Group Inc. increased its stake in Kinsale Capital Group by 2,241.7% during the second quarter. Advisor Group Inc. now owns 281 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Alpha Omega Wealth Management LLC increased its stake in Kinsale Capital Group by 147.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 295 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in Kinsale Capital Group during the first quarter worth $45,000. Quantamental Technologies LLC increased its stake in Kinsale Capital Group by 37.7% during the second quarter. Quantamental Technologies LLC now owns 1,085 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 297 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Kinsale Capital Group during the first quarter worth $129,000. 82.69% of the stock is owned by institutional investors.

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 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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