Kinsale Capital Group Inc (KNSL) Stock: A Study of the Market Performance

The stock of Kinsale Capital Group Inc (KNSL) has seen a -11.94% decrease in the past week, with a -9.56% drop in the past month, and a 39.69% flourish in the past quarter. The volatility ratio for the week is 3.74%, and the volatility levels for the past 30 days are at 2.79% for KNSL. The simple moving average for the past 20 days is -10.28% for KNSL’s stock, with a 16.66% simple moving average for the past 200 days.

Is It Worth Investing in Kinsale Capital Group Inc (NYSE: KNSL) Right Now?

Kinsale Capital Group Inc (NYSE: KNSL) has a higher price-to-earnings ratio of 35.40x compared to its average ratio, The 36-month beta value for KNSL is at 0.89. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”

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The public float for KNSL is 21.95M, and currently, shorts hold a 4.44% of that float. The average trading volume for KNSL on April 03, 2024 was 179.94K shares.

KNSL) stock’s latest price update

Kinsale Capital Group Inc (NYSE: KNSL) has experienced a decline in its stock price by -8.74 compared to its previous closing price of 512.65. However, the company has seen a fall of -11.94% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-29 that Recently, Zacks.com users have been paying close attention to Kinsale Capital Group (KNSL). This makes it worthwhile to examine what the stock has in store.

Analysts’ Opinion of KNSL

Many brokerage firms have already submitted their reports for KNSL stocks, with BMO Capital Markets repeating the rating for KNSL by listing it as a “Market Perform.” The predicted price for KNSL in the upcoming period, according to BMO Capital Markets is $544 based on the research report published on February 28, 2024 of the current year 2024.

Wolfe Research, on the other hand, stated in their research note that they expect to see KNSL reach a price target of $521. The rating they have provided for KNSL stocks is “Outperform” according to the report published on September 22nd, 2023.

BMO Capital Markets gave a rating of “Outperform” to KNSL, setting the target price at $389 in the report published on June 02nd of the previous year.

KNSL Trading at -0.97% from the 50-Day Moving Average

After a stumble in the market that brought KNSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.70% of loss for the given period.

Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares sank -10.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.33% upper at present.

During the last 5 trading sessions, KNSL fell by -11.94%, which changed the moving average for the period of 200-days by +35.97% in comparison to the 20-day moving average, which settled at $518.62. In addition, Kinsale Capital Group Inc saw 39.69% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at KNSL starting from Haney Brian D., who sale 1,500 shares at the price of $544.83 back on Mar 07 ’24. After this action, Haney Brian D. now owns 63,831 shares of Kinsale Capital Group Inc, valued at $817,249 using the latest closing price.

Russell Frederick L. Jr., the Director of Kinsale Capital Group Inc, sale 2,000 shares at $524.09 during a trade that took place back on Mar 05 ’24, which means that Russell Frederick L. Jr. is holding 887 shares at $1,048,180 based on the most recent closing price.

Stock Fundamentals for KNSL

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 1.0 for the gross margin

The net margin for Kinsale Capital Group Inc stands at 0.25. The total capital return value is set at 0.13. Equity return is now at value 33.63, with 10.25 for asset returns.

Based on Kinsale Capital Group Inc (KNSL), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 4.68. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 24.91.

Currently, EBITDA for the company is 3.27 million with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 8.95. The receivables turnover for the company is 3.12for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.

Conclusion

In conclusion, Kinsale Capital Group Inc (KNSL) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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