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

Oppenheimer Asset Management Inc. raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,423 shares of the financial services provider’s stock after purchasing an additional 1,246 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kinsale Capital Group were worth $9,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KNSL. Harbor Capital Advisors Inc. boosted its position in Kinsale Capital Group by 249.2% during the second quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock valued at $2,061,000 after purchasing an additional 3,818 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Kinsale Capital Group by 44.3% during the 1st quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider’s stock valued at $19,588,000 after buying an additional 11,451 shares during the last quarter. Swedbank AB acquired a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at about $15,430,000. QRG Capital Management Inc. bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $503,000. Finally, Bridges Investment Management Inc. acquired a new position in Kinsale Capital Group in the second quarter worth approximately $642,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Truist Financial reduced their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Royal Bank of Canada reduced their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a report on Monday, October 28th. Jefferies Financial Group raised their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Trading Up 1.0 %

Shares of NYSE:KNSL opened at $476.92 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s 50-day moving average is $458.07 and its 200-day moving average is $427.22. The company has a market cap of $11.11 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.03 and a beta of 1.09. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47.

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

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.