2,307 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,307 shares of the financial services provider’s stock, valued at approximately $1,074,000.

Other large investors have also recently made changes to their positions in the company. Geneva Capital Management LLC lifted its stake in shares of Kinsale Capital Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after acquiring an additional 5,207 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Kinsale Capital Group by 7,392.9% during the third quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 1,035 shares during the period. Swedbank AB bought a new position in shares of Kinsale Capital Group in the second quarter worth approximately $15,430,000. QRG Capital Management Inc. purchased a new position in shares of Kinsale Capital Group in the second quarter worth $503,000. Finally, Bridges Investment Management Inc. bought a new stake in Kinsale Capital Group during the 2nd quarter valued at $642,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $498.78 on Friday. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The firm has a market capitalization of $11.62 billion, a P/E ratio of 28.44, a P/E/G ratio of 2.15 and a beta of 1.13. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $469.74 and a two-hundred day simple moving average of $439.80.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same period last year, the company posted $3.31 EPS. Kinsale Capital Group’s revenue was up 33.0% on a year-over-year basis. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insider Buying and Selling at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares of the company’s stock, valued at $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. reduced their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets upped their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Royal Bank of Canada cut their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Finally, Morgan Stanley began coverage on Kinsale Capital Group in a report on Thursday. They set an “overweight” rating and a $593.00 target price for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and an average target price of $472.00.

About Kinsale Capital Group

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.