Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,068 shares of the financial services provider’s stock after acquiring an additional 97 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kinsale Capital Group were worth $2,723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Kinsale Capital Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock valued at $700,127,000 after acquiring an additional 30,729 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Kinsale Capital Group by 14.0% during the second 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 purchasing an additional 52,218 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Kinsale Capital Group by 0.4% during the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after purchasing an additional 1,286 shares in the last quarter. Riverbridge Partners LLC raised its stake in shares of Kinsale Capital Group by 25.4% during the first quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock valued at $163,543,000 after purchasing an additional 63,141 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Kinsale Capital Group by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 291,339 shares of the financial services provider’s stock valued at $97,572,000 after purchasing an additional 15,718 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KNSL shares. TD Cowen started coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They set a “hold” rating and a $403.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada lifted their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Truist Financial lifted their price objective on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Oppenheimer began coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $443.38.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $464.53 on Monday. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The firm’s 50 day simple moving average is $444.83 and its 200-day simple moving average is $436.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $10.82 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 EPS. As a group, equities research analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s payout ratio is presently 3.99%.

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.