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Kinsale Capital Group, Inc. (KNSL) Increases Despite Market Slip: Here's What You Need to Know
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Kinsale Capital Group, Inc. (KNSL - Free Report) closed at $388.44 in the latest trading session, marking a +1.48% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 0.19%.
Coming into today, shares of the company had gained 12.9% in the past month. In that same time, the Finance sector lost 2.36%, while the S&P 500 gained 1.56%.
Analysts and investors alike will be keeping a close eye on the performance of Kinsale Capital Group, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.43, indicating a 31.92% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $338.45 million, indicating a 39.3% upward movement from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Kinsale Capital Group, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. Kinsale Capital Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Kinsale Capital Group, Inc. is currently exchanging hands at a Forward P/E ratio of 25.97. This valuation marks a premium compared to its industry's average Forward P/E of 12.46.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 36% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kinsale Capital Group, Inc. (KNSL) Increases Despite Market Slip: Here's What You Need to Know
Kinsale Capital Group, Inc. (KNSL - Free Report) closed at $388.44 in the latest trading session, marking a +1.48% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 0.19%.
Coming into today, shares of the company had gained 12.9% in the past month. In that same time, the Finance sector lost 2.36%, while the S&P 500 gained 1.56%.
Analysts and investors alike will be keeping a close eye on the performance of Kinsale Capital Group, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.43, indicating a 31.92% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $338.45 million, indicating a 39.3% upward movement from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Kinsale Capital Group, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. Kinsale Capital Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Kinsale Capital Group, Inc. is currently exchanging hands at a Forward P/E ratio of 25.97. This valuation marks a premium compared to its industry's average Forward P/E of 12.46.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 36% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.