Price Action Alert: After Touching All Time High, Is Kinsale Capital Group Inc’s Near-Term Analysis Positive?

Price Action Alert: After Touching All Time High, Is Kinsale Capital Group Inc's Near Term Analysis Positive?

The stock of Kinsale Capital Group Inc (NASDAQ:KNSL) reached all time high today, Nov, 22 and still has $30.39 target or 6.00% above today’s $28.67 share price. This indicates more upside for the $613.56 million company. This technical setup was reported by Barchart.com. If the $30.39 PT is reached, the company will be worth $36.81M 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 33,081 shares traded hands. Kinsale Capital Group Inc (NASDAQ:KNSL) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% 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. Suntrust Robinson initiated it with “Buy” rating and $24 target price in Monday, August 22 report. The rating was initiated by JP Morgan on Monday, August 22 with “Overweight”. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 22.

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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