579 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 579 shares of the financial services provider’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KNSL. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group in the third quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 49 shares during the period. Signaturefd LLC grew its holdings in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Kinsale Capital Group by 225.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 79 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in Kinsale Capital Group in the 3rd quarter valued at about $55,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,235 shares of company stock worth $3,618,954. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.0 %

NYSE:KNSL opened at $506.73 on Monday. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The firm has a market cap of $11.80 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $474.35 and a 200 day moving average price of $445.39.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter last year, the business posted $3.31 EPS. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.61 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s payout ratio is 3.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KNSL. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They set an “overweight” rating and a $593.00 price target for the company. Royal Bank of Canada cut their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Jefferies Financial Group increased their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Seven equities 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.com, the company has a consensus rating of “Hold” and a consensus target price of $472.00.

About Kinsale Capital Group

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.