Kinsale Capital Group Inc (NASDAQ:KNSL) Director Frederick L. Jr. Russell sold 1,000 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $60.75, for a total value of $60,750.00. Following the transaction, the director now directly owns 1,111 shares of the company’s stock, valued at approximately $67,493.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of KNSL stock opened at $60.25 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 48.20 and a beta of 0.14. Kinsale Capital Group Inc has a twelve month low of $39.38 and a twelve month high of $63.38.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.07 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.46%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 22.40%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KNSL. FDx Advisors Inc. bought a new stake in shares of Kinsale Capital Group in the 1st quarter valued at about $266,000. Schwab Charles Investment Management Inc. grew its position in shares of Kinsale Capital Group by 12.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 86,004 shares of the financial services provider’s stock valued at $4,415,000 after buying an additional 9,369 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Kinsale Capital Group in the 1st quarter valued at about $645,000. Bamco Inc. NY grew its position in shares of Kinsale Capital Group by 2.1% in the 1st quarter. Bamco Inc. NY now owns 1,393,563 shares of the financial services provider’s stock valued at $71,532,000 after buying an additional 29,079 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of Kinsale Capital Group by 32.8% in the 1st quarter. Eagle Asset Management Inc. now owns 187,212 shares of the financial services provider’s stock valued at $9,609,000 after buying an additional 46,283 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

A number of equities research analysts recently weighed in on KNSL shares. BidaskClub lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. TheStreet upgraded Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating and set a $61.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. SunTrust Banks restated a “buy” rating and set a $65.00 price objective on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Finally, Zacks Investment Research lowered Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $61.33.

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.

Featured Article: Dividend

Insider Buying and Selling by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.