Stock Buzzer: What Next for Kinsale Capital Group Inc Stock After Reaching All Time High?

Stock Buzzer: What Next for Kinsale Capital Group Inc Stock After Reaching All Time High?

The stock of Kinsale Capital Group Inc (NASDAQ:KNSL) reached all time high today, Nov, 14 and still has $38.91 target or 42.00% above today’s $27.40 share price. This indicates more upside for the $609.27M company. This technical setup was reported by Barchart.com. If the $38.91 PT is reached, the company will be worth $255.89 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 107,512 shares traded hands or 35.36% up from the average. Kinsale Capital Group Inc (NASDAQ:KNSL) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.

Kinsale Capital Group Inc (NASDAQ:KNSL) Ratings Coverage

Out of 3 analysts covering Kinsale Capital Group (NASDAQ:KNSL), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Kinsale Capital Group has been the topic of 3 analyst reports since August 22, 2016 according to StockzIntelligence Inc. The company was initiated on Monday, August 22 by JP Morgan. RBC Capital Markets initiated the stock with “Outperform” rating in Monday, August 22 report. The rating was initiated by Suntrust Robinson on Monday, August 22 with “Buy”.

According to Zacks Investment Research, “Kinsale Capital Group, Inc. is a specialty insurance company. Its commercial lines offerings include construction, small business, professional liability, excess casualty, energy, general casualty, life sciences, allied health, product liability, healthcare, commercial property, management liability, inland marine, environmental, public entity and commercial insurance. The Company also writes homeowners insurance in the personal lines market. Kinsale Capital Group, Inc. is based in Richmond, Virginia.”

More notable recent Kinsale Capital Group Inc (NASDAQ:KNSL) news were published by: Marketwatch.com which released: “Kinsale Capital Group Inc.” on April 18, 2011, also Globenewswire.com with their article: “Kinsale Capital Group, Inc. Reports 2016 Third Quarter Results” published on November 10, 2016, Globenewswire.com published: “Kinsale Capital Group, Inc. Prices Initial Public Offering” on July 28, 2016. More interesting news about Kinsale Capital Group Inc (NASDAQ:KNSL) were released by: Globenewswire.com and their article: “Kinsale Capital Group, Inc. (Nasdaq: KNSL) to Ring The Nasdaq Stock Market …” published on November 07, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Kinsale Capital Group reports 2016 Q3 results” with publication date: November 10, 2016.

KNSL Company Profile

Kinsale Capital Group, Inc. is a specialty insurance company. The Firm focuses on the excess and surplus lines (E&S) market in the United States. The Firm operates through the Excess and Surplus Lines Insurance segment. The Firm markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers. The Company’s commercial lines offerings include construction, small business, professional liability, excess casualty, energy, general casualty, life sciences, allied health, product liability, healthcare, commercial property, management liability, inland marine, environmental, public entity and commercial insurance. The Firm also writes homeowners insurance in the personal lines market.

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