Nuveen Asset Management LLC Purchases 1,265 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Nuveen Asset Management LLC lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,497 shares of the financial services provider's stock after buying an additional 1,265 shares during the period. Nuveen Asset Management LLC owned approximately 0.44% of Kinsale Capital Group worth $48,140,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Kinsale Capital Group by 40.3% in the fourth quarter. Janus Henderson Group PLC now owns 128,830 shares of the financial services provider's stock worth $59,926,000 after buying an additional 36,978 shares in the last quarter. Gotham Asset Management LLC increased its stake in Kinsale Capital Group by 46.6% in the fourth quarter. Gotham Asset Management LLC now owns 2,144 shares of the financial services provider's stock valued at $997,000 after acquiring an additional 682 shares during the last quarter. Focus Partners Wealth bought a new position in Kinsale Capital Group in the fourth quarter valued at $5,596,000. Engle Capital Management L.P. bought a new position in Kinsale Capital Group in the fourth quarter valued at $5,116,000. Finally, First Manhattan CO. LLC. bought a new position in Kinsale Capital Group in the fourth quarter valued at $18,670,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on KNSL shares. Morgan Stanley increased their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $484.57.

Kinsale Capital Group Stock Up 2.3%

Shares of KNSL stock traded up $10.49 during trading on Friday, reaching $463.64. The company's stock had a trading volume of 122,789 shares, compared to its average volume of 171,133. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.66 and a beta of 1.29. The stock's 50-day moving average price is $465.79 and its 200 day moving average price is $463.22. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79.

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

Kinsale Capital Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group's payout ratio is currently 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.