Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Allstate (ALL) or Kinsale Capital Group, Inc. (KNSL) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy ...

Shares of Kinsale Capital Group, Inc. (KNSL) have soared 49.9% year to date (YTD), outperforming the industry’s 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector’s return of 27.8% and 21%, respectively, YTD. With a market capitalization of $11.69 billion, the average volume of shares traded in the last three months was 0.1 million.KNSL Outperforms Industry, Sector, S&P YTDImage Source: Zacks Investment ResearchThe rally was largely driven by a focus on the excess ...

Kinsale Capital (NYSE: KNSL ) has been one of my top ideas in the insurance sector. Since the last time I reviewed the company, shares are up about 30% and while conversations post-Q3 earnings have mostlyI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over lo ...

Investors interested in stocks from the Insurance - Property and Casualty sector have probably already heard of Allstate (ALL) and Kinsale Capital Group, Inc. (KNSL) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emph ...

Shares of Kinsale Capital Group, Inc. (KNSL) have rallied 41.4% year to date (YTD), outperforming the industry’s 31% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector’s return of 25.9% and 21.6%, respectively, YTD. With a market capitalization of $11.03 billion, the average volume of shares traded in the last three months was 0.1 million. KNSL Outperforms Industry, Sector & S&P YTDImage Source: Zacks Investment ResearchThe rally was largely driven by a focus on the exc ...

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Kinsale Capital Group, Inc. (KNSL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Kinsale Capital Group, Inc. is one of 872 individual stocks in the Finance sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank con ...

Kinsale Capital Group, Inc. (NYSE: KNSL ) represents one of the best opportunities among U.S. insurance stocks, especially if it can improve its float management, a task that requires an exceptional investment strategy.As a passionate analyst of high-quality companies, I focus on long-term investments with the goal of outperforming the market average. With a keen interest in identifying firms that demonstrate exceptional growth potential and sustainable competitive advantages, I strive to provide insightful ...

This insurer has delivered incredible returns since its 2016 initial public offering (IPO). Can it keep winning for investors? When building long-term wealth through the stock market, it's important to find high-quality companies capable of sustained growth regardless of what the economy throws at them. Kinsale Capital (KNSL -5.29%) is one such company that has consistently delivered remarkable returns to its shareholders. The company may not be a household name, but its stock has steadily climbed since its ...

Kinsale's third-quarter earnings look excellent, but management is trying to rein in expectations.After reporting third-quarter earnings, shares of excess and surplus (E&S) insurer Kinsale Capital (KNSL -7.80%) were down 8% as of 1:45 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.Despite delivering earnings-per-share growth of 50% during Q3, Kinsale's gross written premium growth slowed to "only" 19% as the company faced increasing competition. Priced at nearly 30 times earnin ...

Financial Data and Key Metrics Changes - In Q3 2024, the company's operating earnings per share increased by 27% and gross written premium grew by 19% compared to Q3 2023 [3] - Net income and net operating earnings rose by 50.1% and 26.8%, respectively, with a combined ratio of 75.7% for the quarter [8] - The nine-month annualized operating return on equity was reported at 28.2% [3] Business Line Data and Key Metrics Changes - Premium growth was 19% in Q3, down from 21% in Q2 and 26% in Q1, attributed to increased competition in commercial property and certain liability lines [10] - The casualty business showed steady growth, particularly in general and excess casualty divisions, while the commercial property division experienced a slowdown [10][11] - New business submission growth was strong at around 23% for the quarter, indicating positive future growth prospects [12] Market Data and Key Metrics Changes - The overall E&S market remained steady with increased competition, leading to varied rate changes and growth rates across different underwriting divisions [5] - Rates increased by approximately 3% on a nominal basis, down from around 6% in the previous quarter [13] - The company noted strong growth in the transportation divisions, especially in commercial auto and high-value homeowners segments [12] Company Strategy and Development Direction - The company's strategy focuses on controlling underwriting, providing superior customer service, and leveraging technology for cost efficiency [4] - The management expressed confidence in the company's ability to generate strong returns and grow in various market environments [4] - A $100 million share buyback program was approved, reflecting confidence in the business strategy and long-term growth potential [7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the modest natural catastrophe losses in the quarter and emphasized a cautious risk management strategy [6] - The competitive landscape is expected to evolve post-hurricanes, with potential impacts on pricing and competition levels [18] - Management remains optimistic about growth prospects, citing strong margins and a durable competitive advantage [13][29] Other Important Information - The expense ratio improved to 19.6% from 20.9% year-over-year, benefiting from seating commissions and expense management [8] - The company is not pursuing M&A or extraordinary dividends in the near term, focusing instead on capital allocation through share buybacks [9] Q&A Session Summary Question: Clarification on the share repurchase program - Management indicated that the $100 million buyback is modest and will not offset dilution from restricted shares but will minimize it [16] Question: Impact of hurricanes on competition - Management stated it is too early to determine the impact of hurricane losses on competition, with estimates ranging significantly [18] Question: Migration of business between E&S and standard markets - Management noted that the E&S market continues to grow, although competition has increased, affecting growth rates [20] Question: Pricing trends and loss ratios - Management confirmed that some divisions are experiencing double-digit rate increases, while others are below trend, but overall pricing remains strong [22] Question: Exposure to Hurricane Milton - Management estimated total after-tax losses from Hurricane Milton to be under $10 million, with a competitive market expected to evolve [6][25] Question: Future growth expectations - Management reiterated a long-term growth expectation of 10% to 20%, with the potential for variability based on market conditions [57] Question: Retention rates in the book - Management indicated that Kinsale retains about two-thirds of its policies year-over-year, consistent with industry norms [58] Question: Share buybacks versus dividends - Management explained the preference for share buybacks over special dividends, citing confidence in the business model and long-term growth [62]