Kinsale Capital Group Inc (NASDAQ:KNSL) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 818,500 shares, a decline of 8.3% from the June 30th total of 892,200 shares. Based on an average daily trading volume, of 114,000 shares, the days-to-cover ratio is currently 7.2 days. Approximately 4.2% of the company’s stock are short sold.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research raised 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. TheStreet raised shares of Kinsale Capital Group from a “c+” rating to an “a-” rating in a report on Friday, May 10th. Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $70.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, ValuEngine cut shares of Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Kinsale Capital Group presently has an average rating of “Buy” and an average target price of $96.00.

In other Kinsale Capital Group news, CFO Bryan P. Petrucelli sold 815 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $87.36, for a total transaction of $71,198.40. Following the sale, the chief financial officer now directly owns 59,863 shares of the company’s stock, valued at approximately $5,229,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Brian D. Haney sold 2,250 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $83.55, for a total transaction of $187,987.50. Following the sale, the chief operating officer now directly owns 175,432 shares in the company, valued at $14,657,343.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,565 shares of company stock worth $1,212,023 over the last three months. Insiders own 8.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Howland Capital Management LLC grew its stake in Kinsale Capital Group by 14.0% in the 1st quarter. Howland Capital Management LLC now owns 134,173 shares of the financial services provider’s stock valued at $9,200,000 after buying an additional 16,519 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Kinsale Capital Group by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 276,564 shares of the financial services provider’s stock valued at $15,365,000 after buying an additional 17,045 shares during the last quarter. Bank of America Corp DE grew its stake in Kinsale Capital Group by 26.6% in the 4th quarter. Bank of America Corp DE now owns 83,852 shares of the financial services provider’s stock valued at $4,660,000 after buying an additional 17,607 shares during the last quarter. Principal Financial Group Inc. grew its stake in Kinsale Capital Group by 18.3% in the 4th quarter. Principal Financial Group Inc. now owns 7,652 shares of the financial services provider’s stock valued at $425,000 after buying an additional 1,182 shares during the last quarter. Finally, Stanley Laman Group Ltd. grew its stake in Kinsale Capital Group by 5.3% in the 1st quarter. Stanley Laman Group Ltd. now owns 11,634 shares of the financial services provider’s stock valued at $798,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.

Shares of KNSL stock traded down $0.19 on Thursday, reaching $93.52. The stock had a trading volume of 85,300 shares, compared to its average volume of 88,018. The firm’s 50-day moving average is $92.76 and its two-hundred day moving average is $78.38. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 52.25 and a beta of 0.53. Kinsale Capital Group has a 12 month low of $50.34 and a 12 month high of $99.70.

Kinsale Capital Group (NASDAQ:KNSL) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The company had revenue of $72.57 million for the quarter, compared to analysts’ expectations of $69.49 million. Kinsale Capital Group had a net margin of 18.67% and a return on equity of 16.78%. Research analysts forecast that Kinsale Capital Group will post 2.42 earnings per share for the current year.

Kinsale Capital Group Company Profile

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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