Kinsale Capital Group (KNSL) Receiving Somewhat Favorable News Coverage, Study Finds
News stories about Kinsale Capital Group (NASDAQ:KNSL) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kinsale Capital Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.0823302479148 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of Kinsale Capital Group in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, William Blair downgraded shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th.
Shares of Kinsale Capital Group (NASDAQ KNSL) opened at $42.48 on Friday. Kinsale Capital Group has a 12-month low of $27.19 and a 12-month high of $47.78. The firm has a market cap of $900.92, a PE ratio of 35.40 and a beta of -0.27.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 19.83%.
In other news, Director Frederick L. Jr. Russell sold 124,812 shares of Kinsale Capital Group stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $36.58, for a total transaction of $4,565,622.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ann Marie Marson sold 2,500 shares of Kinsale Capital Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $43.00, for a total transaction of $107,500.00. Following the sale, the senior vice president now owns 112,834 shares in the company, valued at $4,851,862. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,812 shares of company stock worth $4,995,623. 11.20% of the stock is owned by company insiders.
About Kinsale Capital Group
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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