Kinsale Capital Group, Inc. (NYSE:KNSL) Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,423 shares of the financial services provider’s stock after acquiring an additional 1,246 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of Kinsale Capital Group worth $9,043,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Champlain Investment Partners LLC raised its stake in Kinsale Capital Group by 58.9% during the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after acquiring an additional 90,209 shares in the last quarter. Natixis Investment Managers International bought a new stake in shares of Kinsale Capital Group during the first quarter valued at about $35,850,000. Artemis Investment Management LLP bought a new stake in shares of Kinsale Capital Group during the second quarter valued at about $25,476,000. Allspring Global Investments Holdings LLC lifted its holdings in Kinsale Capital Group by 75.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after purchasing an additional 57,460 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock valued at $164,291,000 after buying an additional 52,218 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL opened at $476.92 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $11.11 billion, a PE ratio of 27.19, a P/E/G ratio of 2.03 and a beta of 1.09. The business has a fifty day simple moving average of $458.07 and a 200-day simple moving average of $427.22. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Kinsale Capital Group’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter last year, the company posted $3.31 EPS. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group boosted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wolfe Research raised 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 note on Monday, October 28th. Royal Bank of Canada lowered their price target 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. Finally, Truist Financial cut their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average target price of $455.88.

Kinsale Capital Group 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.