Nomura Holdings Inc. Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Nomura Holdings Inc. acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,936 shares of the financial services provider's stock, valued at approximately $1,366,000.

Several other institutional investors and hedge funds have also bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group in the 4th quarter worth about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC boosted its position in Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares during the period. Allworth Financial LP boosted its holdings in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kinsale Capital Group in the fourth quarter worth approximately $46,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday. JPMorgan Chase & Co. cut their price objective on 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. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note 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. Finally, Truist Financial reduced their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $484.57.

Kinsale Capital Group Stock Up 2.1%

KNSL traded up $9.67 during midday trading on Friday, reaching $462.82. The company's stock had a trading volume of 44,174 shares, compared to its average volume of 170,568. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The stock's 50-day moving average is $465.55 and its 200-day moving average is $462.80. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.66 and a beta of 1.29. 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 (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. As a group, 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 dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio is presently 3.91%.

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.