Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $59.32, for a total transaction of $59,320.00. Following the completion of the sale, the director now owns 1,111 shares of the company’s stock, valued at approximately $65,904.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kinsale Capital Group opened at $58.94 on Friday, MarketBeat Ratings reports. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 42.31 and a beta of 0.20. Kinsale Capital Group Inc has a 1 year low of $34.70 and a 1 year high of $63.38.

Kinsale Capital Group (NASDAQ:KNSL) last released its earnings results on Tuesday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The firm had revenue of $54.95 million for the quarter, compared to the consensus estimate of $53.63 million. Kinsale Capital Group had a return on equity of 12.59% and a net margin of 13.52%. equities analysts forecast that Kinsale Capital Group Inc will post 1.87 earnings per share for the current year.

KNSL has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. ValuEngine upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. BidaskClub cut Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. SunTrust Banks reiterated a “buy” rating and set a $65.00 target price on shares of Kinsale Capital Group in a report on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $61.00 target price on shares of Kinsale Capital Group in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $61.33.

Hedge funds have recently added to or reduced their stakes in the business. FDx Advisors Inc. bought a new position in Kinsale Capital Group during the 1st quarter worth about $266,000. Deutsche Bank AG increased its holdings in Kinsale Capital Group by 16.4% during the 4th quarter. Deutsche Bank AG now owns 35,173 shares of the financial services provider’s stock worth $1,582,000 after purchasing an additional 4,956 shares in the last quarter. LPL Financial LLC increased its holdings in Kinsale Capital Group by 18.8% during the 4th quarter. LPL Financial LLC now owns 10,592 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 1,676 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Kinsale Capital Group by 32.8% during the 1st quarter. Eagle Asset Management Inc. now owns 187,212 shares of the financial services provider’s stock worth $9,609,000 after purchasing an additional 46,283 shares in the last quarter. Finally, First Mercantile Trust Co. increased its holdings in Kinsale Capital Group by 13.8% during the 2nd quarter. First Mercantile Trust Co. now owns 7,839 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.

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 casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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