Kinsale Capital Group Inc (NASDAQ:KNSL) SVP William J. Jr. Kenney sold 13,750 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $51.79, for a total transaction of $712,112.50. Following the transaction, the senior vice president now directly owns 18,286 shares of the company’s stock, valued at $947,031.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kinsale Capital Group Inc (KNSL) opened at $52.96 on Friday. Kinsale Capital Group Inc has a 12-month low of $30.36 and a 12-month high of $53.24. The company has a market cap of $1,103.92, a price-to-earnings ratio of 41.96 and a beta of 0.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.28 annualized dividend and a yield of 0.53%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.06. Kinsale Capital Group’s dividend payout ratio (DPR) is 24.14%.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, William Blair reiterated a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $48.67.
Kinsale Capital Group Company Profile
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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