In a report released today, Matthew Carletti from JMP Securities reiterated a Hold rating on Kinsale Capital Group (KNSL – Research Report). The company’s shares closed yesterday at $453.09.
According to TipRanks, Carletti is a 5-star analyst with an average return of 11.3% and a 59.57% success rate. Carletti covers the Financial sector, focusing on stocks such as Chubb, Amerisafe, and Employers Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kinsale Capital Group with a $502.25 average price target.
Based on Kinsale Capital Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $357.37 million and a net profit of $103.39 million. In comparison, last year the company earned a revenue of $252.55 million and had a net profit of $67.25 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KNSL in relation to earlier this year. Last month, Frederick L. Jr. Russell, a Director at KNSL sold 2,000.00 shares for a total of $1,048,180.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kinsale Capital Group (KNSL) Company Description:
Kinsale Capital Group, Inc. is a holding company, which engages in the provision of hard-to-place property, casualty and specialty risks. It focuses on the excess and surplus lines market. The company was founded by Michael P. Kehoe on June 3, 2009 and is headquartered in Richmond, VA.
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