Kinsale Capital Group (NASDAQ:KNSL) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Kinsale Capital Group (NASDAQ:KNSL) from a hold rating to a sell rating in a research note released on Tuesday, May 8th.

According to Zacks, “Kinsale Capital Group, Inc. is a specialty insurance company. Its commercial lines offerings include construction, small business, professional liability, excess casualty, energy, general casualty, life sciences, allied health, product liability, healthcare, commercial property, management liability, inland marine, environmental, public entity and commercial insurance. The Company also writes homeowners insurance in the personal lines market. Kinsale Capital Group, Inc. is based in Richmond, Virginia. “

Several other equities analysts have also recently commented on KNSL. ValuEngine upgraded Kinsale Capital Group from a hold rating to a buy rating in a research note on Wednesday, May 2nd. BidaskClub cut Kinsale Capital Group from a strong-buy rating to a buy rating in a research note on Saturday, April 28th. Finally, William Blair reiterated a hold rating on shares of Kinsale Capital Group in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Kinsale Capital Group presently has a consensus rating of Buy and an average target price of $49.67.



NASDAQ KNSL traded up $0.11 on Tuesday, reaching $53.27. The company had a trading volume of 1,474 shares, compared to its average volume of 87,573. The stock has a market cap of $1.09 billion, a PE ratio of 42.53 and a beta of 0.17. Kinsale Capital Group has a 1 year low of $51.14 and a 1 year high of $51.85.

Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings results on Friday, May 4th. The financial services provider reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The firm had revenue of $50.13 million during the quarter, compared to analysts’ expectations of $50.93 million. Kinsale Capital Group had a return on equity of 12.29% and a net margin of 13.34%. equities analysts anticipate that Kinsale Capital Group will post 2.02 EPS for the current fiscal year.

In other news, SVP William J. Jr. Kenney sold 13,750 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $51.79, for a total transaction of $712,112.50. Following the completion of the transaction, the senior vice president now directly owns 18,286 shares in the company, valued at approximately $947,031.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in Kinsale Capital Group by 60.6% during the fourth quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 1,172 shares during the last quarter. Aperio Group LLC bought a new position in Kinsale Capital Group during the fourth quarter worth $234,000. Suntrust Banks Inc. bought a new position in Kinsale Capital Group during the fourth quarter worth $254,000. FDx Advisors Inc. bought a new position in Kinsale Capital Group during the first quarter worth $266,000. Finally, Teacher Retirement System of Texas bought a new position in Kinsale Capital Group during the fourth quarter worth $293,000. Hedge funds and other institutional investors own 80.61% 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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