Oppenheimer & Co. Inc. Acquires 135 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Oppenheimer & Co. Inc. increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,203 shares of the financial services provider’s stock after acquiring an additional 135 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kinsale Capital Group were worth $3,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Kinsale Capital Group by 6.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 19,423 shares of the financial services provider’s stock worth $9,043,000 after purchasing an additional 1,246 shares during the period. Geneva Capital Management LLC boosted its stake in Kinsale Capital Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after buying an additional 5,207 shares during the period. Aigen Investment Management LP bought a new position in Kinsale Capital Group during the third quarter valued at $260,000. GSA Capital Partners LLP purchased a new stake in shares of Kinsale Capital Group in the third quarter valued at $1,136,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of Kinsale Capital Group by 3.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,556 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 56 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $465.17 on Friday. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.05 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The stock has a fifty day simple moving average of $458.27 and a two-hundred day simple moving average of $427.89.

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

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Analysts Set New Price Targets

KNSL has been the topic of a number of recent analyst reports. Truist Financial reduced their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target 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. Royal Bank of Canada dropped their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a 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 target price on the stock in a research note on Monday, October 28th. Finally, Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.