Oppenheimer Asset Management Inc. Raises Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Oppenheimer Asset Management Inc. grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,640 shares of the financial services provider’s stock after acquiring an additional 217 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kinsale Capital Group were worth $9,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisor OS LLC purchased a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $373,000. Los Angeles Capital Management LLC increased its position in shares of Kinsale Capital Group by 40.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 23,938 shares of the financial services provider’s stock valued at $11,134,000 after purchasing an additional 6,900 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Kinsale Capital Group by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider’s stock valued at $85,279,000 after buying an additional 5,213 shares during the period. Blackhawk Capital Partners LLC. lifted its position in Kinsale Capital Group by 12.0% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 4,174 shares of the financial services provider’s stock worth $1,941,000 after buying an additional 447 shares during the last quarter. Finally, Synergy Financial Group LTD boosted its stake in Kinsale Capital Group by 2.1% during the fourth quarter. Synergy Financial Group LTD now owns 2,499 shares of the financial services provider’s stock worth $1,162,000 after buying an additional 51 shares during the period. Institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Truist Financial upped their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $468.56.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Up 2.9 %

Shares of NYSE KNSL opened at $428.84 on Friday. The stock has a 50 day moving average price of $447.97 and a 200 day moving average price of $464.33. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.16%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is presently 3.82%.

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.