The price-to-earnings ratio for Kinsale Capital Group Inc (NYSE: KNSL) is above average at 28.50x. The 36-month beta value for KNSL is also noteworthy at 0.92. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for KNSL is 22.03M, and at present, short sellers hold a 5.09% of that float. The average trading volume of KNSL on April 26, 2024 was 175.70K shares.
KNSL) stock’s latest price update
Kinsale Capital Group Inc (NYSE: KNSL) has seen a decline in its stock price by -16.87 in relation to its previous close of 453.09. However, the company has experienced a -16.63% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Although the revenue and EPS for Kinsale Capital Group (KNSL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
KNSL’s Market Performance
Kinsale Capital Group Inc (KNSL) has seen a -16.63% fall in stock performance for the week, with a -29.22% decline in the past month and a -3.56% plunge in the past quarter. The volatility ratio for the week is 2.85%, and the volatility levels for the past 30 days are at 3.10% for KNSL. The simple moving average for the past 20 days is -18.18% for KNSL’s stock, with a -7.95% simple moving average for the past 200 days.
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 -23.27% 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 -31.33% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -27.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.52% lower at present.
During the last 5 trading sessions, KNSL fell by -15.58%, which changed the moving average for the period of 200-days by +4.63% in comparison to the 20-day moving average, which settled at $453.19. In addition, Kinsale Capital Group Inc saw 12.47% 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:
- 0.32 for the present operating margin
- 1.0 for the gross margin
The net margin for Kinsale Capital Group Inc stands at 0.26. The total capital return value is set at 0.11. Equity return is now at value 33.63, with 10.25 for asset returns.
Currently, EBITDA for the company is 387.29 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 6.43. The receivables turnover for the company is 8.38for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In summary, Kinsale Capital Group Inc (KNSL) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
