Jump Financial LLC Has $225,000 Holdings in Kinsale Capital Group, Inc. $KNSL

Key Points

• Jump Financial LLC significantly reduced its stake in Kinsale Capital Group by 93.8%, now holding only 463 shares valued at $225,000 after selling 6,962 shares.
• Kinsale Capital Group reported strong quarterly earnings, with $4.78 EPS, surpassing expectations and a year-over-year revenue increase of 22.2%.
• The company announced a quarterly dividend of $0.17 per share to be paid on September 11th, yielding 0.1% annually, reflecting a 3.55% dividend payout ratio.

Jump Financial LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 93.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 463 shares of the financial services provider's stock after selling 6,962 shares during the period. Jump Financial LLC's holdings in Kinsale Capital Group were worth $225,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth $877,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Kinsale Capital Group by 135.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,086 shares of the financial services provider's stock valued at $970,000 after buying an additional 1,201 shares in the last quarter. AXA S.A. boosted its position in Kinsale Capital Group by 75.5% during the 4th quarter. AXA S.A. now owns 3,213 shares of the financial services provider's stock worth $1,494,000 after acquiring an additional 1,382 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Kinsale Capital Group by 105.9% during the fourth quarter. Ameriprise Financial Inc. now owns 89,253 shares of the financial services provider's stock worth $41,509,000 after purchasing an additional 45,896 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in Kinsale Capital Group by 7.0% in the 4th quarter. Benjamin Edwards Inc. now owns 961 shares of the financial services provider's stock worth $447,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded down $3.94 during trading hours on Friday, hitting $455.77. 140,554 shares of the stock were exchanged, compared to its average volume of 183,960. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company's 50 day moving average is $463.06 and its 200 day moving average is $462.16. The firm has a market capitalization of $10.62 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.67 and a beta of 1.13. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. During the same period in the prior year, the firm earned $3.75 EPS. Kinsale Capital Group's quarterly revenue was up 22.2% compared to the same quarter last year. On average, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, August 29th. Kinsale Capital Group's dividend payout ratio is presently 3.55%.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Bank of America started coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective on the stock. Compass Point increased their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Truist Financial lifted their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and a consensus price target of $505.80.

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.