Centurion Wealth Management LLC Makes New $236,000 Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Centurion Wealth Management LLC acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 507 shares of the financial services provider’s stock, valued at approximately $236,000.

Other hedge funds have also recently modified their holdings of the company. KBC Group NV lifted its holdings in Kinsale Capital Group by 11.0% in the third quarter. KBC Group NV now owns 584 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 58 shares during the period. Huntington National Bank boosted its holdings in Kinsale Capital Group by 55.1% during the third quarter. Huntington National Bank now owns 318 shares of the financial services provider’s stock worth $148,000 after buying an additional 113 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Kinsale Capital Group during the third quarter valued at $241,000. RiverPark Advisors LLC increased its holdings in Kinsale Capital Group by 3.6% in the third quarter. RiverPark Advisors LLC now owns 1,180 shares of the financial services provider’s stock valued at $549,000 after buying an additional 41 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Kinsale Capital Group in the third quarter worth about $762,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KNSL shares. Truist Financial lifted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $455.32 on Monday. The firm has a 50-day simple moving average of $443.43 and a 200-day simple moving average of $461.14. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is currently 3.82%.

Kinsale Capital Group Company 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.