Shares of Kinsale Capital Group, Inc. (KNSL) have rallied 38.7% year to date (YTD), outperforming the industry's 26% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector's return of 17.8% and 13.2%, respectively, YTD. With a market capitalization of $10.81 billion, the average volume of shares traded in the last three months was 0.1 million. KNSL Outperforms Industry, Sector & S&P YTD Image Source: Zacks Investment Research The rally was largely driven by a focus on the e ...

Kinsale Capital Group, Inc. (KNSL) closed at $454.84 in the latest trading session, marking a -1.73% move from the prior day. This change lagged the S&P 500's 1.07% gain on the day. On the other hand, the Dow registered a gain of 0.31%, and the technology-centric Nasdaq increased by 2.17%. The the stock of company has fallen by 1.57% in the past month, lagging the Finance sector's gain of 4.06% and the S&P 500's gain of 2.92%. Market participants will be closely following the financial results of Kinsale Ca ...

Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Arch Capital Group (ACGL) or Kinsale Capital Group, Inc. (KNSL) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The pr ...

In the latest market close, Kinsale Capital Group, Inc. (KNSL) reached $465.09, with a -1.97% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.3%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq added 0.25%. The company's stock has climbed by 3.6% in the past month, falling short of the Finance sector's gain of 6.22% and outpacing the S&P 500's gain of 3.42%. Market participants will be closely following the financial results of Kinsale Capi ...

The Zacks Property and Casualty (P&C) Insurance industry is well-poised to benefit from increased exposure driving business growth, higher retention, streamlined operations, global presence, better pricing, solid underwriting and a strong capital position. With the ongoing economic expansion, insurers remain well-poised for growth. However, catastrophe events, both natural and man-made, might have weighed on underwriting profit. The industry has returned 29.9% in the past year, outperforming the Zacks S&P 5 ...

This under-the-radar stock has delivered 50% returns annually since going public. The key to building wealth in the stock market is finding high-quality companies and holding on to them for years. One stock that has provided stellar returns for its shareholders since its 2016 initial public offering (IPO) is Kinsale Capital (KNSL 0.12%). Kinsale Capital isn't exactly a household name, but it has all the makings of a quality investment for the long haul. The specialty insurance company has a strong position ...

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Shares of Kinsale Capital Group, Inc. (KNSL) have gained 40.4% year to date (YTD), outperforming the industry's growth of 19.7%. The Finance sector and the Zacks S&P 500 composite have risen 7.2% and 12.3%, respectively, in the same period. With a market capitalization of $10.94 billion, the average volume of shares traded in the last three months was 0.2 million. Image Source: Zacks Investment Research The rally was largely driven by a focus on the excess and supply (E&S) market, prudent underwriting, lowe ...

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The ...

Financial Data and Key Metrics Changes - Kinsale's operating earnings per share increased by 30.2% year-over-year, and gross written premium grew by 20.9% compared to Q2 2023 [6] - The company reported a combined ratio of 77.7% and a six-month operating return on equity of 28.8% [6][115] - Net income and net operating earnings increased by 27.2% and 30.2% respectively [115] - Net investment income rose by 48.3% in Q2 compared to the previous year, driven by strong operating cash flows and higher interest rates [117] Business Line Data and Key Metrics Changes - Premium grew by 21% in the second quarter, with strong growth in small property, entertainment, general casualty, and newer divisions like high-value homeowners and commercial auto [121] - The excess casualty business is also experiencing significant growth, while the professional line segment is facing increased competition [122] - Submission growth remained strong in the low 20s, indicating a positive signal for future growth [123] Market Data and Key Metrics Changes - The overall E&S market remained steady, with strong growth in new business submissions and positive rate changes across the book of business [8][9] - Rates increased by approximately 6% on a nominal basis, down slightly from around 7% in the previous quarter [124] - The property market is experiencing a normalization, with rates continuing to grow but at a slower pace [20][71] Company Strategy and Development Direction - Kinsale's strategy focuses on smaller accounts within the E&S market, maintaining strict underwriting control, and leveraging technology to manage costs [7] - The company aims to gradually increase its allocation to common stocks from 8% to 10% over the next several quarters [10] - The investment strategy remains conservative, primarily allocated to fixed income with a focus on maintaining a strong balance sheet [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's prospects for profitability and growth across various market environments [8] - The company is cautious about loss cost trends and inflation, particularly in longer-tailed lines, and aims to maintain conservative reserving practices [88] - Management noted that the competitive landscape remains rational, with a focus on disciplined underwriting [13][14] Other Important Information - The company renewed its reinsurance program with modest changes, including increased retention on certain treaties [11][12] - Management highlighted the importance of maintaining a balance between premium growth and return on equity, with a minimum ROE threshold to ensure wealth generation for investors [87] Q&A Session Summary Question: What is the outlook for growth given the strong performance against last year's high growth? - Management does not provide specific growth forecasts but expresses confidence in the business model and expects to continue taking market share [96] Question: How is pricing being used to manage growth? - Pricing varies by division, with some divisions able to push rates while others may not, depending on their ROE and market conditions [100] Question: Are there any changes in managing catastrophe exposure with increased property business? - The company maintains a consistent strategy of expert underwriting and strict limits on concentration, modeling the portfolio monthly to manage catastrophe exposure [105] Question: What are the current loss trends in the casualty books? - Current loss trends are slightly below nominal rate increases, with a focus on conservative reserving practices [110] Question: How is the company addressing the competitive landscape in the professional lines segment? - The company is selectively more aggressive in the professional lines segment due to its high profitability and margin potential [122]