Stock Worth Mentioning Today: Could Kinsale Capital Group Inc Go Down After Making 52-Week High?

Stock Worth Mentioning Today: Could Kinsale Capital Group Inc Go Down After Making 52 Week High?

The stock of Kinsale Capital Group Inc (NASDAQ:KNSL) hit a new 52-week high and has $33.63 target or 43.00% above today’s $23.52 share price. The 6 months bullish chart indicates low risk for the $476.57 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $33.63 price target is reached, the company will be worth $204.93M 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 51,978 shares traded hands. Kinsale Capital Group Inc (NASDAQ:KNSL) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% 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 Kinsale Capital Group Inc (NASDAQ:KNSL) on Monday, August 22 with “Buy” rating. JP Morgan initiated the shares of KNSL in a report on Monday, August 22 with “Overweight” rating. The rating was initiated by RBC Capital Markets with “Outperform” 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 important 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 article titled: “Kinsale Capital Group, Inc. Prices Initial Public Offering”, Businesswire.com published: “Kinsale Capital Group Appoints Steven J. Bensinger to Board of Directors” on August 06, 2015. More interesting news about Kinsale Capital Group Inc (NASDAQ:KNSL) was released by: Nasdaq.com and their article: “Kinsale Capital Group, Inc. (KNSL) Ex-Dividend Date Scheduled for September 13 …” with publication date: September 12, 2016.

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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