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Kinsale Capital Group, Inc. (KNSL) closed the latest trading day at $436.34, indicating a -0.41% change from the previous session's end. This move lagged the S&P 500's daily gain of 1%. On the other hand, the Dow registered a gain of 0.78%, and the technology-centric Nasdaq increased by 1.51%.
Coming into today, shares of the company had lost 6.28% in the past month. In that same time, the Finance sector lost 0.44%, while the S&P 500 lost 2.14%.
The investment community will be closely monitoring the performance of Kinsale Capital Group, Inc. in its forthcoming earnings report. In that report, analysts expect Kinsale Capital Group, Inc. to post earnings of $4.34 per share. This would mark year-over-year growth of 12.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $418.32 million, up 19.12% from the year-ago period.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Kinsale Capital Group, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.82% lower. Kinsale Capital Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Kinsale Capital Group, Inc. currently has a Forward P/E ratio of 24.07. This denotes a premium relative to the industry's average Forward P/E of 11.68.
We can additionally observe that KNSL currently boasts a PEG ratio of 1.6. 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. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 1.44.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 34, finds itself in the top 14% echelons of all 250+ industries.