Oak Ridge Investments LLC Has $3.57 Million Stock Position in Kinsale Capital Group, Inc. (NASDAQ:KNSL)

Oak Ridge Investments LLC reduced its holdings in Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 0.4% in the 1st quarter, HoldingsChannel reports. The fund owned 21,686 shares of the financial services provider’s stock after selling 96 shares during the period. Oak Ridge Investments LLC’s holdings in Kinsale Capital Group were worth $3,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prime Capital Investment Advisors LLC increased its position in Kinsale Capital Group by 64.6% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 158 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Baldwin Brothers Inc. MA acquired a new position in Kinsale Capital Group in the 1st quarter valued at approximately $49,000. KBC Group NV acquired a new position in Kinsale Capital Group in the 4th quarter valued at approximately $63,000. Capital Asset Advisory Services LLC acquired a new position in Kinsale Capital Group in the 4th quarter valued at approximately $70,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Kinsale Capital Group by 29.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 420 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 78.27% of the company’s stock.

Several brokerages recently issued reports on KNSL. JPMorgan Chase & Co. lowered shares of Kinsale Capital Group from an “overweight” rating to a “neutral” rating in a research note on Friday, April 16th. Zacks Investment Research lowered shares of Kinsale Capital Group from a “buy” rating to a “sell” rating and set a $174.00 target price on the stock. in a research note on Wednesday, April 21st. Truist cut their target price on shares of Kinsale Capital Group from $245.00 to $210.00 in a research note on Tuesday, April 13th. Compass Point raised shares of Kinsale Capital Group from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Friday, February 26th. Finally, Truist Securities cut their target price on shares of Kinsale Capital Group from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, April 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $207.33.

Kinsale Capital Group stock opened at $161.36 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $141.85 and a 1-year high of $252.70. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 32.14 and a beta of 0.79. The firm has a fifty day simple moving average of $166.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.20 and a quick ratio of 0.20.

Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings data on Thursday, April 29th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.24. Kinsale Capital Group had a net margin of 22.29% and a return on equity of 14.97%. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 4.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 11th. Stockholders of record on Thursday, May 27th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 26th. This represents a $0.44 annualized dividend and a dividend yield of 0.27%. Kinsale Capital Group’s dividend payout ratio is currently 13.92%.

In other news, CEO Michael P. Kehoe sold 5,000 shares of the stock in a transaction dated Friday, May 14th. The shares were sold at an average price of $154.98, for a total value of $774,900.00. Following the completion of the sale, the chief executive officer now owns 335,686 shares in the company, valued at $52,024,616.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.50% of the company’s stock.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. Its commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

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Institutional Ownership by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

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