Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kinsale Capital Group Inc shares valued at $579,055 were sold by Haney Brian D. on Jun 13 ’24. At $386.04 per share, Haney Brian D. sold 1,500 shares. The insider’s holdings dropped to 62,331 shares worth approximately $23.99 million following the completion of this transaction.
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Also, Kehoe Michael P sold 4,000 shares, netting a total of over 1,523,063 in proceeds. Following the sale of shares at $380.77 each, the insider now holds 302,410 shares.
Before that, Kehoe Michael P had sold 3,000 shares from its account. In a trade valued at $1,142,296, the Chairman and CEO traded Kinsale Capital Group Inc shares for $380.77 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $225.42 million.
As published in their initiating research note from TD Cowen on May 20, 2024, Kinsale Capital Group Inc [KNSL] has been a Hold and the price target has been revised to $403. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in late April. As of February 28, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for KNSL. Earlier on September 22, 2023, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for KNSL stock.
Analyzing KNSL Stock Performance
During the last five days, there has been a surge of approximately 1.55%. Over the course of the year, Kinsale Capital Group Inc shares have jumped approximately 14.91%. 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 $388.52, while a 200-day SMA reached $409.24. Nevertheless, trading volume fell to 97834.0 shares from 0.19 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 380.02, which, if violated, would cause prices to drop to 377.42. In the upper region, resistance lies at 385.28. The next price resistance is at 387.94. RSI (Relative Strength Index) is 47.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 61.15%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
