Kinsale Capital Group, Inc. $KNSL Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 58.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,101 shares of the financial services provider’s stock after selling 4,288 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kinsale Capital Group were worth $1,001,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KNSL. Signaturefd LLC raised its position in shares of Kinsale Capital Group by 56.5% during the 3rd quarter. Signaturefd LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 39 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Kinsale Capital Group by 296.7% during the third quarter. TD Waterhouse Canada Inc. now owns 119 shares of the financial services provider’s stock worth $40,000 after buying an additional 89 shares during the period. Parallel Advisors LLC grew its holdings in Kinsale Capital Group by 185.7% during the first quarter. Parallel Advisors LLC now owns 120 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 78 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Kinsale Capital Group during the third quarter worth about $53,000. Finally, Western Wealth Management LLC purchased a new position in Kinsale Capital Group during the first quarter worth about $60,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KNSL shares. BMO Capital Markets reissued an “underperform” rating on shares of Kinsale Capital Group in a report on Thursday. Cantor Fitzgerald raised their price objective on shares of Kinsale Capital Group from $264.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Weiss Ratings raised Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Wells Fargo & Company reduced their target price on Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $362.78.

Kinsale Capital Group Stock Up 4.0%

NYSE:KNSL opened at $380.22 on Tuesday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.10 and a beta of 0.88. The business’s fifty day moving average price is $358.57 and its 200 day moving average price is $352.23. Kinsale Capital Group, Inc. has a 1-year low of $287.20 and a 1-year high of $421.90. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.59. Kinsale Capital Group had a return on equity of 25.73% and a net margin of 26.89%. The business had revenue of $454.80 million for the quarter, compared to the consensus estimate of $401.43 million. During the same period last year, the business earned $5.21 earnings per share. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 21.80 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Friday, August 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, August 28th. Kinsale Capital Group’s payout ratio is presently 4.36%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.