In a filing, Kinsale Capital Group Inc revealed its President and COO Haney Brian D. unloaded Company’s shares for reported $0.82 million on Mar 07 ’24. In the deal valued at $544.83 per share,1,500 shares were sold. As a result of this transaction, Haney Brian D. now holds 63,831 shares worth roughly $29.64 million.
Then, Russell Frederick L. Jr. sold 2,000 shares, generating $1,048,180 in total proceeds. Upon selling the shares at $524.09, the Director now owns 887 shares.
Before that, Kehoe Michael P sold 4,000 shares. Kinsale Capital Group Inc shares valued at $2,094,939 were divested by the Chairman and CEO at a price of $523.73 per share. As a result of the transaction, Kehoe Michael P now holds 303,972 shares, worth roughly $141.15 million.
BMO Capital Markets downgraded its Kinsale Capital Group Inc [KNSL] rating to a Market perform from a an Outperform in a research note published on February 28, 2024; the price target was increased to $544 from $434. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. BMO Capital Markets also remained covering KNSL and has increased its forecast on June 02, 2023 with a “an Outperform” recommendation from previously “an Underperform” rating. Compass Point revised its rating on February 21, 2023. It rated KNSL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of KNSL
On Tuesday, Kinsale Capital Group Inc [NYSE:KNSL] saw its stock jump 0.24% to $464.36. Over the last five days, the stock has gained 2.67%. Kinsale Capital Group Inc shares have risen nearly 38.65% since the year began. Nevertheless, the stocks have risen 40.37% over the past one year. While a 52-week high of $548.47 was reached on 03/07/24, a 52-week low of $297.33 was recorded on 01/02/24. SMA at 50 days reached $489.19, while 200 days put it at $408.33. A total of 0.21 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For KNSL Stock
The 24-hour chart illustrates a support level at 457.18, which if violated will result in even more drops to 449.99. On the upside, there is a resistance level at 476.73. A further resistance level may holdings at 489.09. The Relative Strength Index (RSI) on the 14-day chart is 46.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.13%. Stochastics %K at 50.20% indicates the stock is a holding.
The most recent change occurred on January 20, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Underperform”‘ rating along with a $230 price target.
