Kinsale Capital Group, Inc. (KNSL) closed at $473.13 in the latest trading session, marking a -1.31% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.48%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.94%.
Shares of the company witnessed a gain of 1.14% over the previous month, trailing the performance of the Finance sector with its gain of 3.5%, and the S&P 500's gain of 5.13%.
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The investment community will be closely monitoring the performance of Kinsale Capital Group, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $4.37, showcasing a 16.53% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $432.2 million, up 12.39% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $17.68 per share and a revenue of $1.75 billion, demonstrating changes of +10.09% and +10.27%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Kinsale Capital Group, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% higher. As of now, Kinsale Capital Group, Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Kinsale Capital Group, Inc. is currently trading at a Forward P/E ratio of 27.11. Its industry sports an average Forward P/E of 12, so one might conclude that Kinsale Capital Group, Inc. is trading at a premium comparatively.
Investors should also note that KNSL has a PEG ratio of 1.78 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Insurance – Property and Casualty industry was having an average PEG ratio of 2.73.
