Investors who take an interest in Kinsale Capital Group, Inc. (NASDAQ:KNSL) should definitely note that the Independent Director, Steven Bensinger, recently paid US$86.75 per share to buy US$252k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 13%.
The Last 12 Months Of Insider Transactions At Kinsale Capital Group
Over the last year, we can see that the biggest insider sale was by the Independent Director, Frederick Russell, for US$410k worth of shares, at about US$81.96 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$86.05. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 10% of Frederick Russell's holding.
Over the last year, we can see that insiders have bought 5193 shares worth US$452k. On the other hand they divested 8852 shares, for US$734k. Over the last year we saw more insider selling of Kinsale Capital Group shares, than buying. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Kinsale Capital Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Kinsale Capital Group insiders own about US$135m worth of shares (which is 7.1% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Kinsale Capital Group Tell Us?
It is good to see recent purchasing. But we can't say the same for the transactions over the last 12 months. The high levels of insider ownership, and the recent buying by some insiders , suggests they are well aligned and optimistic. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Kinsale Capital Group.
But note: Kinsale Capital Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.