Kinsale Capital Group, Inc. (NASDAQ:NYSE:KNSL) recently saw its Executive Vice President and Chief Information Officer, Diane Schnupp, sell 500 shares of the company’s common stock. The transaction, which took place on December 11, 2024, was executed at a price of $510 per share, totaling $255,000.
Following this sale, Schnupp retains ownership of 6,994 shares in the company. The transaction was disclosed in a filing with the Securities and Exchange Commission, underscoring her ongoing involvement with Kinsale Capital.
In other recent news, Kinsale Capital Group, a specialty insurance provider, has been the focus of various financial analysts. Morgan Stanley (NYSE:MS) initiated coverage of the company with an Overweight rating and a price target of $593.00, citing potential for continued expansion and profitability. The firm noted Kinsale Capital's impressive revenue growth of 36% over the last twelve months and a robust return on equity of 35%.
BMO Capital Markets adjusted Kinsale Capital's price target to $461 from the previous $445, maintaining a Market Perform rating. The firm highlighted the company's unique competitive advantages that allow it to outpace its peers in growth. Truist Securities lowered its price target for Kinsale Capital to $500 from $530, but maintained a Buy rating. The firm increased its 2025 EPS forecast to $18.50, up from $18.30, citing a slightly slower top-line growth of 16%.
RBC Capital adjusted its price target for Kinsale Capital to $475.00 from the previous $480.00, maintaining a Sector Perform rating. Wolfe Research upgraded Kinsale Capital from Peer Perform to Outperform, setting a new price target at $535.00. Kinsale Capital's board also approved a $100 million share buyback program, indicating confidence in its future performance. These are recent developments that are expected to shape the company's trajectory moving forward.
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