We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kinsale Capital Group, Inc. (KNSL) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
Kinsale Capital Group, Inc. (KNSL - Free Report) closed the most recent trading day at $324.92, moving -1.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
The company's shares have seen a decrease of 13.17% over the last month, not keeping up with the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $4.87, marking a 6.53% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $479.3 million, reflecting a 3.66% fall from the equivalent quarter last year.
KNSL's full-year Zacks Consensus Estimates are calling for earnings of $21.1 per share and revenue of $1.98 billion. These results would represent year-over-year changes of +8.15% and +5.51%, respectively.
It is also important to note the recent changes to analyst estimates for Kinsale Capital Group, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Kinsale Capital Group, Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Kinsale Capital Group, Inc. is currently trading at a Forward P/E ratio of 15.67. This valuation marks a premium compared to its industry average Forward P/E of 10.78.
One should further note that KNSL currently holds a PEG ratio of 1.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 1.64.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Kinsale Capital Group, Inc. (KNSL) Suffers a Larger Drop Than the General Market: Key Insights
Kinsale Capital Group, Inc. (KNSL - Free Report) closed the most recent trading day at $324.92, moving -1.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
The company's shares have seen a decrease of 13.17% over the last month, not keeping up with the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $4.87, marking a 6.53% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $479.3 million, reflecting a 3.66% fall from the equivalent quarter last year.
KNSL's full-year Zacks Consensus Estimates are calling for earnings of $21.1 per share and revenue of $1.98 billion. These results would represent year-over-year changes of +8.15% and +5.51%, respectively.
It is also important to note the recent changes to analyst estimates for Kinsale Capital Group, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Kinsale Capital Group, Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Kinsale Capital Group, Inc. is currently trading at a Forward P/E ratio of 15.67. This valuation marks a premium compared to its industry average Forward P/E of 10.78.
One should further note that KNSL currently holds a PEG ratio of 1.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 1.64.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.