KNSL Stock Rallies 49.9% YTD: A Signal for Investors to Hold Tight?

Zacks12-17

Shares of Kinsale Capital Group, Inc. KNSL have soared 49.9% year to date (YTD), outperforming the industry’s 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492608519?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/EEUv5JQFTAI4U5iqIocwgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9d8e6ae4a2f2f78756262fb38b308001","is_english":true,"pubTime":"2024-12-17 22:50","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492608519","market":"us","top_or_hot":-1,"title":"KNSL Stock Rallies 49.9% YTD: A Signal for Investors to Hold Tight?","media":"Zacks","content":"<div>\n<p>Shares of Kinsale Capital Group, Inc. KNSL have soared 49.9% year to date (YTD), outperforming the industry’s 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance ...</p>\n\n<a href=\"https://finance.yahoo.com/news/knsl-stock-rallies-49-9-145000175.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KNSL Stock Rallies 49.9% YTD: A Signal for Investors to Hold Tight?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKNSL Stock Rallies 49.9% YTD: A Signal for Investors to Hold Tight?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/knsl-stock-rallies-49-9-145000175.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Kinsale Capital Group, Inc. KNSL have soared 49.9% year to date (YTD), outperforming the industry’s 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance ...</p>\n\n<a href=\"https://finance.yahoo.com/news/knsl-stock-rallies-49-9-145000175.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/knsl-stock-rallies-49-9-145000175.html","article_id":"2492608519","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/EEUv5JQFTAI4U5iqIocwgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9d8e6ae4a2f2f78756262fb38b308001"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492608519","pubTimestamp":1734447000,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of Kinsale Capital Group, Inc. KNSL have soared 49.9% year to date , outperforming the industry’s 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector’s return of 27.8% and 21%, respectively, YTD. With a market capitalization of $11.69 billion, the average volume of shares traded in the last three months was 0.1 million.Premiums should continue to improve, given the company’s strong presence across the E&S market in the United States and high retention rates stemming from contract renewals. Management noted that the E&S market has witnessed significant growth and generated better underwriting results than the broader P&C industry. It remains well-poised to benefit from continued market dislocation, aiding improved submission flows and better pricing decisions.KNSL’s solid market presence helped it deliver improved margins and lower loss ratios. The insurer targets clients with small-sized and medium-sized accounts with better pricing and","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4211":"区域性银行","BK4080":"零售业房地产投资信托","BK4588":"碎股","KNSL":"Kinsale Capital Group Inc.","ROIC":"Retail Opportunity Investments C","BK4551":"寇图资本持仓","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","BK4231":"零售房地产信托","BK4505":"高瓴资本持仓","FAF":"第一美国","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","ISBC":"投资者银行","ROOT":"Root, Inc.","BK4107":"财产与意外伤害保险","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","ALL":"好事达"},"translate_title":"KNSL股价年初至今上涨49.9%：投资者持有的信号？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROOT":1,"ROIC":1,"KNSL":1,"ISBC":1,"ALL":1,"FAF":0.9},"content_text":"Shares of Kinsale Capital Group, Inc. KNSL have soared 49.9% year to date (YTD), outperforming the industry’s 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector’s return of 27.8% and 21%, respectively, YTD. With a market capitalization of $11.69 billion, the average volume of shares traded in the last three months was 0.1 million.\nKNSL Outperforms Industry, Sector, S&P YTD\nImage Source: Zacks Investment Research\nThe rally was largely driven by a focus on the excess and supply (E&S) market, prudent underwriting, lower expense ratio, growth in the investment portfolio, solid growth projections and effective capital deployment.This property and casualty insurer has a solid track record of beating earnings estimates in each of the last four quarters, the average being 9.41%.\nKNSL Trading Above 50-Day and 200-Day Moving Average\nThis Zacks Rank #3 (Hold) insurance broker closed at $502.07 on Monday, above its 50-day and 200-day simple moving average (SMA) of $473.73 and $447.09, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.\nNorthbound Estimate Revision for KNSL\nThe Zacks Consensus Estimate for 2024 and 2025 moved 0.5% and 0.9% north, respectively, in the last 30 days, reflecting analyst optimism.\nGrowth Projection for KNSL\nThe Zacks Consensus Estimate for Kinsale Capital’s 2024 earnings per share indicates an increase of 24.8% from the year-ago reported number. The consensus estimate for revenues is pegged at $1.59 billion, implying a year-over-year improvement of 30.6%.The consensus estimate for 2025 earnings per share and revenues indicates an increase of 17.5% and 16.6%, respectively, from the corresponding 2024 estimates.Earnings have grown 45.7% in the past five years, better than the industry average of 11.4%. The expected long-term earnings growth rate is 15%, outperforming the industry average of 11.2%. KNSL has an impressive Growth Score of B. This style score helps analyze the growth prospects of a company.\nCan the Stock Retain the Momentum?\nPremiums should continue to improve, given the company’s strong presence across the E&S market in the United States and high retention rates stemming from contract renewals. Management noted that the E&S market has witnessed significant growth and generated better underwriting results than the broader P&C industry. It remains well-poised to benefit from continued market dislocation, aiding improved submission flows and better pricing decisions.KNSL’s solid market presence helped it deliver improved margins and lower loss ratios. The insurer targets clients with small-sized and medium-sized accounts with better pricing and less prone to competition. Management estimates low double-digit rate increases across the book of business.Kinsale Capital enjoys the best combination of high growth and low combined ratio among its peers. It targets a combined ratio in the mid-80s range over the long term. Also, KNSL is well-poised to generate an improved expense ratio given its proprietary technology platform, which is likely to provide it with a competitive edge over other industry players and scalability in business.Investment of excess operating funds at higher rates in an improved rate environment should drive investment results. Notably, its free cash flow conversion has remained more than 85% over the last many quarters, reflecting its solid earnings.The insurer has increased dividends since 2017 at a seven-year (2017-2024) CAGR of 12%, riding on the strength of operational excellence that supports a solid capital position.KNSL has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.\nKNSL’s Favorable Return on Capital\nReturn on equity in the trailing 12 months was 28.8%, better than the industry average of 7.5%. This highlights the company’s efficiency in utilizing shareholders’ funds. Also, the return on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame, reflecting KNSL’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 24.5%, better than the industry average of 5.8%.\nKey Picks\nInvestors interested in the property and casualty insurance industry may look at some better-ranked players like First American Financial Corporation FAF, Root, Inc. ROOT and The Allstate Corporation ALL. While First American and Root sport a Zacks Rank #1 (Strong Buy) each, The Allstate carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for First American’s 2024 and 2025 earnings implies year-over-year growth of 7.1% and 30.6%, respectively. The Zacks Consensus Estimate for FAF’s 2024 and 2025 revenues implies year-over-year growth of 1.2% and 17.1%, respectively. Year to date, shares of FAF have inched up 2.3%.The Zacks Consensus Estimate for Root’s 2024 and 2025 revenues implies year-over-year growth of 147.9% and 3.8%. It beat earnings estimates in each of the past four quarters, with an average surprise of 127.21%. Year to date, shares of ROOT have skyrocketed 628.5%.The Zacks Consensus Estimate for The Allstate’s 2024 and 2025 revenues implies year-over-year growth of 1611.58% and 17.8%, respectively. It beat earnings estimates in each of the past four quarters, with an average surprise of 135.21%. Year to date, shares of ALL have gained 39.3%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Allstate Corporation (ALL) : Free Stock Analysis Report\nFirst American Financial Corporation (FAF) : Free Stock Analysis Report\nKinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report\nRoot, Inc. (ROOT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492608519"}