Insider Spends US$265k Buying More Shares In Kinsale Capital Group

Potential Kinsale Capital Group, Inc. (NYSE:KNSL) shareholders may wish to note that the Independent Director, Gregory Share, recently bought US$265k worth of stock, paying US$392 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 28%.

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Kinsale Capital Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Anne Kronenberg, sold US$911k worth of shares at a price of US$457 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$399. So it may not shed much light on insider confidence at current levels.

In total, Kinsale Capital Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Kinsale Capital Group

I will like Kinsale Capital Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Kinsale Capital Group insiders own 5.2% of the company, currently worth about US$483m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Kinsale Capital Group Insiders?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Kinsale Capital Group.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.