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Should You Buy Kinsale Capital Group Inc (KNSL) Stock on Wednesday?

Wednesday, July 06, 2022 02:53 PM | InvestorsObserver Analysts

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Should You Buy Kinsale Capital Group Inc (KNSL) Stock on Wednesday?

Kinsale Capital Group Inc (KNSL) stock is lower by 0.16% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Kinsale Capital Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KNSL!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With KNSL Stock Today?

Kinsale Capital Group Inc (KNSL) stock is down -7.7% while the S&P 500 has risen 0.7% as of 2:35 PM on Wednesday, Jul 6. KNSL has fallen -$18.70 from the previous closing price of $242.89 on volume of 72,730 shares. Over the past year the S&P 500 is lower by -11.17% while KNSL has risen 29.10%. KNSL earned $6.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.5.

More About Kinsale Capital Group Inc

Kinsale Capital Group Inc is an insurance holding company. The company is engaged in offering property, casualty, and specialty insurance products. It offers specialty insurance products for allied health, healthcare, life sciences, a professional, and a public entity. The company operates in only one reportable segment that is the Excess and Surplus Lines Insurance segment, which includes commercial excess and surplus lines liability and property insurance products through its underwriting divisions. The company generates revenues in the form of premiums and investment income. Click Here to get the full Stock Report for Kinsale Capital Group Inc stock.

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