Kinsale Capital Group (NASDAQ:KNSL) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. SunTrust Banks boosted their target price on shares of Kinsale Capital Group from $85.00 to $100.00 and gave the company a “buy” rating in a report on Monday, July 1st. They noted that the move was a valuation call. JMP Securities started coverage on shares of Kinsale Capital Group in a report on Friday, September 6th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “strong-buy” rating and set a $104.00 target price on the stock in a report on Tuesday, August 6th. Finally, ValuEngine lowered shares of Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $96.00.

Shares of NASDAQ:KNSL traded up $2.45 during mid-day trading on Wednesday, reaching $100.81. 2,091 shares of the company’s stock were exchanged, compared to its average volume of 103,498. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 56.08 and a beta of 0.50. The business’s fifty day moving average price is $95.03 and its 200-day moving average price is $83.11. Kinsale Capital Group has a twelve month low of $50.34 and a twelve month high of $103.93.

Kinsale Capital Group (NASDAQ:KNSL) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $72.57 million for the quarter, compared to analyst estimates of $69.49 million. Kinsale Capital Group had a net margin of 18.67% and a return on equity of 16.78%. Sell-side analysts anticipate that Kinsale Capital Group will post 2.42 EPS for the current fiscal year.

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 10,000 shares of Kinsale Capital Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $93.52, for a total value of $935,200.00. Following the completion of the sale, the chief executive officer now directly owns 357,711 shares of the company’s stock, valued at $33,453,132.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Brian D. Haney sold 2,250 shares of Kinsale Capital Group stock in a transaction on Friday, July 12th. The shares were 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 directly owns 177,249 shares of the company’s stock, valued at $16,764,210.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,500 shares of company stock valued at $2,195,088. Insiders own 8.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. increased its position in shares of 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 in the last quarter. Quantamental Technologies LLC increased its position in shares of 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Kinsale Capital Group during the first quarter worth about $129,000. Bank of Montreal Can bought a new stake in shares of Kinsale Capital Group during the second quarter worth about $169,000. Finally, Ibex Investors LLC bought a new stake in shares of Kinsale Capital Group during the second quarter worth about $228,000. 83.35% of the stock is owned by hedge funds and other institutional investors.

About Kinsale Capital Group

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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