The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kinsale Capital Group Inc shares valued at $1,389,334 were sold by Haney Brian D. on Apr 30 ’24. At $367.74 per share, Haney Brian D. sold 3,778 shares. The insider’s holdings dropped to 95,850 shares worth approximately $36.29 million following the completion of this transaction.
Also, Haney Brian D. sold 1,500 shares, netting a total of over 817,249 in proceeds. Following the sale of shares at $544.83 each, the insider now holds 63,831 shares.
Before that, Russell Frederick L. Jr. had sold 2,000 shares from its account. In a trade valued at $1,048,180, the Director traded Kinsale Capital Group Inc shares for $524.09 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.34 million.
As published in a research note from RBC Capital Mkts on April 29, 2024, Kinsale Capital Group Inc [KNSL] has been rated down from an Outperform to a Sector perform and the price target has been revised to $425 from $555. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late February. As of September 22, 2023, Wolfe Research has initiated its “an Outperform” rating for KNSL. Earlier on June 02, 2023, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for KNSL stock which previously was a “an Underperform”.
Analyzing KNSL Stock Performance
During the last five days, there has been a drop of approximately -17.44%. Over the course of the year, Kinsale Capital Group Inc shares have jumped approximately 13.05%. Shares of the company reached a 52-week high of $548.47 on 03/07/24 and a 52-week low of $334.10 on 01/02/24. A 50-day SMA is recorded $483.06, while a 200-day SMA reached $409.22. Nevertheless, trading volume fell to 0.44 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Kinsale Capital Group Inc (KNSL)
According to the 24-hour chart, there is a support level at 368.02, which, if violated, would cause prices to drop to 357.44. In the upper region, resistance lies at 385.63. The next price resistance is at 392.66. RSI (Relative Strength Index) is 28.44 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -63.34, which suggests the price will decrease in the coming days. Percent R is at 81.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
