Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,423 shares of the financial services provider's stock after acquiring an additional 1,246 shares during the period. Oppenheimer Asset Management Inc. owned about 0.08% of Kinsale Capital Group worth $9,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in Kinsale Capital Group by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider's stock valued at $281,065,000 after buying an additional 6,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in 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 worth $164,291,000 after purchasing an additional 52,218 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in Kinsale Capital Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider's stock valued at $189,874,000 after purchasing an additional 5,207 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in Kinsale Capital Group by 58.9% in the first quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider's stock valued at $127,761,000 after purchasing an additional 90,209 shares in the last quarter. Finally, Copeland Capital Management LLC increased its stake in Kinsale Capital Group by 0.3% in the third quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider's stock valued at $107,687,000 after purchasing an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Shares of KNSL traded down $4.09 during trading hours on Thursday, reaching $473.41. The company had a trading volume of 94,807 shares, compared to its average volume of 174,352. 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 12-month low of $325.01 and a 12-month high of $548.47. The firm has a 50 day simple moving average of $458.10 and a 200-day simple moving average of $427.57. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.03 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the company posted $3.31 earnings per share. Research analysts expect that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group increased 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 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 objective on the stock in a report on Monday, October 28th. Truist Financial reduced their target price 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. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reduced their price objective on 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. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $455.88.

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.