Why Kinsale Capital Group, Inc. (KNSL) Outpaced the Stock Market Today

Kinsale Capital Group, Inc. (KNSL) ended the recent trading session at $476.40, demonstrating a +2.27% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.97%.

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The stock of company has fallen by 0.68% in the past month, lagging the Finance sector's gain of 2.69% and the S&P 500's gain of 5.12%.

The investment community will be paying close attention to the earnings performance of Kinsale Capital Group, Inc. in its upcoming release. The company's upcoming EPS is projected at $4.37, signifying a 16.53% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $432.2 million, showing a 12.39% escalation compared to the year-ago quarter.

KNSL's full-year Zacks Consensus Estimates are calling for earnings of $17.68 per share and revenue of $1.75 billion. These results would represent year-over-year changes of +10.09% and +10.27%, respectively.

Investors should also note any recent changes to analyst estimates for Kinsale Capital Group, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. At present, Kinsale Capital Group, Inc. boasts a Zacks Rank of #3 (Hold).

In the context of valuation, Kinsale Capital Group, Inc. is at present trading with a Forward P/E ratio of 26.35. This denotes a premium relative to the industry average Forward P/E of 11.61.

It is also worth noting that KNSL currently has a PEG ratio of 1.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty was holding an average PEG ratio of 2.69 at yesterday's closing price.

The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.

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Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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