The stock price of Kinsale Capital Group Inc (NYSE: KNSL) has jumped by 17.51 compared to previous close of 377.25. Despite this, the company has seen a gain of 19.68% in its stock price over the last five trading days. zacks.com reported 2024-07-26 that Kinsale Capital’s (KNSL) second-quarter results reflect continued growth and strong margins.
Is It Worth Investing in Kinsale Capital Group Inc (NYSE: KNSL) Right Now?
The price-to-earnings ratio for Kinsale Capital Group Inc (NYSE: KNSL) is 27.87x, which is above its average ratio. Moreover, the 36-month beta value for KNSL is 1.06. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for KNSL is 22.04M and currently, short sellers hold a 6.22% of that float. On July 29, 2024, KNSL’s average trading volume was 188.51K shares.
KNSL’s Market Performance
The stock of Kinsale Capital Group Inc (KNSL) has seen a 19.68% increase in the past week, with a 16.97% rise in the past month, and a -2.16% fall in the past quarter. The volatility ratio for the week is 3.87%, 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 15.69% for KNSL’s stock, with a 9.07% simple moving average for the past 200 days.
Analysts’ Opinion of KNSL
TD Cowen, on the other hand, stated in their research note that they expect to see KNSL reach a price target of $403. The rating they have provided for KNSL stocks is “Hold” according to the report published on May 20th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to KNSL, setting the target price at $425 in the report published on April 29th of the current year.
KNSL Trading at 15.19% 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 -19.18% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares surge +14.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.23% upper at present.
During the last 5 trading sessions, KNSL rose by +19.68%, which changed the moving average for the period of 200-days by +0.98% in comparison to the 20-day moving average, which settled at $386.00. In addition, Kinsale Capital Group Inc saw 32.36% 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 $386.04 back on Jun 13 ’24. After this action, Haney Brian D. now owns 62,331 shares of Kinsale Capital Group Inc, valued at $579,055 using the latest closing price.
Kehoe Michael P, the Chairman and CEO of Kinsale Capital Group Inc, sale 4,000 shares at $380.77 during a trade that took place back on Jun 04 ’24, which means that Kehoe Michael P is holding 302,410 shares at $1,523,063 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 0.2. Equity return is now at value 34.85, with 10.56 for asset returns.
Based on Kinsale Capital Group Inc (KNSL), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 5.03. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 45.75.
Currently, EBITDA for the company is 387.29 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 7.27. The receivables turnover for the company is 8.27for 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 0.38.
Conclusion
To wrap up, the performance of Kinsale Capital Group Inc (KNSL) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
