Today’s Stock On Watch: Is Buying Kinsale Capital Group Inc Here a Winning Strategy?

Today's Stock On Watch: Is Buying Kinsale Capital Group Inc Here a Winning Strategy?

The stock of Kinsale Capital Group Inc (NASDAQ:KNSL) hit a new 52-week high and has $35.27 target or 26.00% above today’s $27.99 share price. The 6 months bullish chart indicates low risk for the $599.01M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $35.27 price target is reached, the company will be worth $155.74M 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. About 44,831 shares traded hands. Kinsale Capital Group Inc (NASDAQ:KNSL) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% 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. On Monday, August 22 the stock rating was initiated by RBC Capital Markets with “Outperform”. The company was initiated on Monday, August 22 by Suntrust Robinson. JP Morgan initiated Kinsale Capital Group Inc (NASDAQ:KNSL) on Monday, August 22 with “Overweight” rating.

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 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 published the news titled: “Kinsale Capital Group, Inc. Prices Initial Public Offering” on July 28, 2016. Globenewswire.com‘s news article titled: “Kinsale Capital Group, Inc. (Nasdaq: KNSL) to Ring The Nasdaq Stock Market …” with publication date: November 07, 2016 was also an interesting one.

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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