Nuveen Asset Management LLC Grows Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Nuveen Asset Management LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,497 shares of the financial services provider's stock after purchasing an additional 1,265 shares during the quarter. Nuveen Asset Management LLC owned 0.44% of Kinsale Capital Group worth $48,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new position in Kinsale Capital Group during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in Kinsale Capital Group by 7,400.0% during the 4th 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 in the last quarter. Allworth Financial LP grew 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 buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Kinsale Capital Group during the 4th quarter valued at approximately $46,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of recent research reports. 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. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Morgan Stanley lifted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday. 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 currently has an average rating of "Hold" and an average price target of $474.38.

Kinsale Capital Group Stock Up 1.8%

Kinsale Capital Group stock opened at $471.97 on Tuesday. 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 business's 50-day simple moving average is $464.70 and its two-hundred day simple moving average is $462.49. The company has a market cap of $11.00 billion, a PE ratio of 26.53, a PEG ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 EPS. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

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.

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