Kinsale Capital Group Inc (NASDAQ:KNSL) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $63.00.

KNSL has been the subject of a number of recent analyst reports. BidaskClub upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. TheStreet upgraded Kinsale Capital Group from a “c” rating to a “b-” rating in a report on Friday, July 27th. Zacks Investment Research cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. SunTrust Banks restated a “buy” rating and set a $65.00 price objective on shares of Kinsale Capital Group in a report on Wednesday, August 8th. Finally, Royal Bank of Canada restated a “buy” rating and set a $61.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, August 7th.

KNSL traded down $0.20 during trading hours on Friday, reaching $61.09. 44,433 shares of the company’s stock traded hands, compared to its average volume of 84,575. Kinsale Capital Group has a 52-week low of $39.38 and a 52-week high of $64.97. The stock has a market cap of $1.35 billion, a P/E ratio of 48.87 and a beta of 0.14.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data 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). Kinsale Capital Group had a net margin of 13.52% and a return on equity of 12.59%. The business had revenue of $54.95 million for the quarter, compared to analysts’ expectations of $53.63 million. Sell-side analysts anticipate that Kinsale Capital Group will post 1.87 EPS for the current fiscal year.

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

In other Kinsale Capital Group news, SVP William J. Jr. Kenney sold 13,750 shares of Kinsale Capital Group stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $61.48, for a total transaction of $845,350.00. Following the completion of the sale, the senior vice president now directly owns 18,414 shares of the company’s stock, valued at approximately $1,132,092.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 1,000 shares of Kinsale Capital Group stock in a transaction on Monday, July 9th. The shares were sold at an average price of $55.51, for a total value of $55,510.00. Following the sale, the director now directly owns 1,111 shares of the company’s stock, valued at $61,671.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,750 shares of company stock valued at $1,975,370. 8.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KNSL. Atlanta Capital Management Co. L L C bought a new stake in Kinsale Capital Group during the 1st quarter valued at $24,088,000. Janus Henderson Group PLC bought a new stake in Kinsale Capital Group during the 2nd quarter valued at $21,432,000. BlackRock Inc. raised its position in Kinsale Capital Group by 32.9% during the 2nd quarter. BlackRock Inc. now owns 1,297,928 shares of the financial services provider’s stock valued at $71,207,000 after purchasing an additional 321,668 shares in the last quarter. Hood River Capital Management LLC raised its position in Kinsale Capital Group by 33.9% during the 2nd quarter. Hood River Capital Management LLC now owns 524,541 shares of the financial services provider’s stock valued at $28,776,000 after purchasing an additional 132,743 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Kinsale Capital Group by 88.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,098 shares of the financial services provider’s stock valued at $12,897,000 after purchasing an additional 110,029 shares in the last quarter. 82.64% of the stock is owned by institutional investors and hedge funds.

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 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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