Nomura Holdings Inc. Invests $1.37 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Nomura Holdings Inc. acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, Holdings Channel reports. The fund acquired 2,936 shares of the financial services provider’s stock, valued at approximately $1,366,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KNSL. LPL Financial LLC boosted its stake in Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after buying an additional 4,644 shares in the last quarter. California Public Employees Retirement System boosted its stake in Kinsale Capital Group by 11.8% in the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock worth $18,299,000 after buying an additional 4,146 shares in the last quarter. Empowered Funds LLC purchased a new stake in Kinsale Capital Group in the fourth quarter worth approximately $1,071,000. Charles Schwab Investment Management Inc. boosted its stake in Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock worth $70,907,000 after buying an additional 3,970 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Kinsale Capital Group in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $463.05 on Friday. The stock has a fifty day moving average of $464.26 and a 200 day moving average of $461.94. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.66 and a beta of 1.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 earnings per share. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Morgan Stanley lowered their price objective on Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Truist Financial lowered their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $470.00.

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.