Kinsale Capital Group Inc (KNSL) Sees Unusually-High Trading Volume
Kinsale Capital Group Inc (NASDAQ:KNSL) saw strong trading volume on Tuesday . 171,355 shares changed hands during mid-day trading, an increase of 76% from the previous session’s volume of 97,493 shares.The stock last traded at $20.51 and had previously closed at $20.26.
Several equities research analysts recently weighed in on the company. RBC Capital Markets assumed coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price objective for the company. SunTrust Banks Inc. assumed coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued a “buy” rating and a $24.00 price objective for the company. Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price objective for the company. William Blair initiated coverage on Kinsale Capital Group in a research note on Friday, August 26th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on Kinsale Capital Group in a research note on Monday, August 22nd. They issued an “overweight” rating and a $23.00 target price for the company. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $23.25.
The company has a 50-day moving average of $20.03 and a 200 day moving average of $19.98. The company has a market capitalization of $432.78 million and a price-to-earnings ratio of 14.55.
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The firm also recently declared a special dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 13th.
In other news, major shareholder Moelis Capital Partners Opport sold 2,590,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $14.88, for a total transaction of $38,539,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
About Kinsale Capital Group
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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