Centiva Capital LP Sells 1,335 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Centiva Capital LP lowered its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after purchasing an additional 4,644 shares during the last quarter. California Public Employees Retirement System boosted its stake in Kinsale Capital Group by 11.8% in 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 buying an additional 4,146 shares in the last quarter. Empowered Funds LLC bought a new position in Kinsale Capital Group during the fourth quarter valued at approximately $1,071,000. Charles Schwab Investment Management Inc. raised its stake in shares of Kinsale Capital Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock worth $70,907,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Argent Capital Management LLC bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $1,736,000. Institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KNSL. Morgan Stanley decreased their target price on shares of Kinsale Capital Group from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial dropped their target price 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. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $470.00.

Kinsale Capital Group Stock Up 4.5%

Shares of KNSL traded up $19.95 on Thursday, reaching $458.94. The stock had a trading volume of 257,109 shares, compared to its average volume of 170,405. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50-day simple moving average of $463.93 and a 200-day simple moving average of $461.36.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. During the same quarter in the previous year, the business earned $3.50 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

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.