Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Kinsale Capital Group (NASDAQ:KNSL) Stock Price
Press coverage about Kinsale Capital Group (NASDAQ:KNSL) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kinsale Capital Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.7606936992311 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Kinsale Capital Group in a research note on Sunday, August 6th. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. set a $46.00 price objective on shares of Kinsale Capital Group and gave the company a “buy” rating in a research note on Monday, August 7th. Five analysts have rated the stock with a buy rating, Kinsale Capital Group currently has a consensus rating of “Buy” and an average price target of $39.00.
Shares of Kinsale Capital Group (NASDAQ:KNSL) opened at 38.92 on Friday. The company has a market cap of $816.07 million and a price-to-earnings ratio of 61.29. Kinsale Capital Group has a 1-year low of $19.02 and a 1-year high of $45.69. The stock has a 50 day moving average of $38.17 and a 200 day moving average of $34.30.
In related news, Director Frederick L. Jr. Russell sold 250,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $7,900,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total value of $136,125,658.40. The disclosure for this sale can be found here. Company insiders own 11.20% of the company’s stock.
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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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