Kinsale Capital Group, Inc. (KNSL) Stock Price Hits 52-Week High Today

June 12, 2018 - By Alfred Lee

The stock of Kinsale Capital Group, Inc. (NASDAQ:KNSL) hit a new 52-week high and has $58.46 target or 8.00 % above today’s $54.13 share price. The 5 months bullish chart indicates low risk for the $1.14B company. The 1-year high was reported on Jun, 12 by Barchart.com. If the $58.46 price target is reached, the company will be worth $91.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.29% or $0.71 during the last trading session, reaching $54.13. About 164,033 shares traded or 92.63% up from the average. Kinsale Capital Group, Inc. (NASDAQ:KNSL) has risen 46.13% since June 12, 2017 and is uptrending. It has outperformed by 33.56% the S&P500.

Analysts await Kinsale Capital Group, Inc. (NASDAQ:KNSL) to report earnings on August, 2. They expect $0.50 EPS, up 25.00 % or $0.10 from last year’s $0.4 per share. KNSL’s profit will be $10.54M for 27.07 P/E if the $0.50 EPS becomes a reality. After $0.38 actual EPS reported by Kinsale Capital Group, Inc. for the previous quarter, Wall Street now forecasts 31.58 % EPS growth.

Another recent and important Kinsale Capital Group, Inc. (NASDAQ:KNSL) news was published by Businesswire.com which published an article titled: “AM Best Revises Outlooks to Positive for Kinsale Insurance Company and Kinsale Capital Group, Inc.” on May 31, 2018.

Kinsale Capital Group, Inc. provides as a casualty and property insurance products in the United States. The company has market cap of $1.14 billion. The Company’s commercial lines offerings include construction, small business, excess casualty, general casualty, energy, professional liability, life sciences, product liability, allied health, health care, commercial property, management liability, environmental, inland marine, public entity, and commercial insurance, as well as homeowners insurance. It has a 46.66 P/E ratio. The firm markets and sells insurance products through a network of independent insurance brokers.

Kinsale Capital Group, Inc. (NASDAQ:KNSL) Ratings Chart

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