BMO Capital Markets raised the price target for the Kinsale Capital Group Inc (NYSE:KNSL) stock from “an Outperform” to “a Market perform”. The rating was released on February 28, 2024, according to finviz. The research report from BMO Capital Markets has upgraded the stock from Underperform to Outperform, with a price target set at $389. The stock was downgraded by Compass Point, who disclosed in a research note on February 21, 2023, from Buy to Neutral and set the price objective to $350. In their research brief published January 20, 2023, BMO Capital Markets analysts initiated the Kinsale Capital Group Inc stock to Underperform with a price target of $230.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -17.08% within the last five trades and -29.60% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -11.98% in the last 6 months and -4.08% was subtracted to its value over the previous 3 months. KNSL stock is trading at a margin of -18.62%, -23.68% and -8.44% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, KNSL deals in the Financial domain. The stock is trading -31.69 percent below its 52-week high and 26.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 2.78. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Kinsale Capital Group Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 32.90 percent and the profit margin is 26.41 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.72 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Kinsale Capital Group Inc (NYSE:KNSL) is 24.87. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 21.23. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 6.56 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 7.45, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 5.36 percent of Kinsale Capital Group Inc shares are owned by insiders, and 87.10 percent are held by financial institutions. Haney Brian D., the President and COO at Kinsale Capital Group Inc (KNSL) has sold 1,500 shares of firm on Mar 07 ’24 at a price of $544.83 against the total amount of $0.82 million. In another inside trade, Russell Frederick L. Jr., Director of Kinsale Capital Group Inc (NYSE:KNSL) sold 2,000 shares of the firm on Mar 05 ’24 for a total worth of $1.05 million at a price of $524.09. An inside trade which took place on Mar 04 ’24, Chairman and CEO of Kinsale Capital Group Inc Kehoe Michael P sold 4,000 shares of firm against total price of $2.09 million at the cost of $523.73 per share.
