Centiva Capital LP Has $452,000 Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Centiva Capital LP decreased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 972 shares of the financial services provider’s stock after selling 1,335 shares during the quarter. Centiva Capital LP’s holdings in Kinsale Capital Group were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNSL. LPL Financial LLC boosted its stake in Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after acquiring an additional 4,644 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock worth $18,299,000 after purchasing an additional 4,146 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $1,071,000. Charles Schwab Investment Management Inc. increased its position in shares of Kinsale Capital Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock valued at $70,907,000 after buying an additional 3,970 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth $1,736,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.7 %

Kinsale Capital Group stock opened at $454.46 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The company has a fifty day simple moving average of $463.50 and a 200 day simple moving average of $461.47. The company has a market cap of $10.59 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $425.73 million. During the same quarter last year, the company earned $3.50 EPS. Kinsale Capital Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is currently 3.91%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial lowered their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a report on Monday, April 28th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $470.00.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.