Quick Highlights:
- Kinsale Capital (KNSL, Financial) beats earnings expectations but misses on revenue.
- Analysts set a one-year price target range between $429.00 and $535.00.
- GuruFocus estimates a significant upside potential from current levels.
Kinsale Capital Group Inc. (NASDAQ: KNSL) has reported its first-quarter financial results, showcasing a non-GAAP earnings per share (EPS) of $3.71, outperforming market expectations by $0.45. However, the company's revenue was slightly below projections, coming in at $423.4 million, a shortfall of $1.54 million. Despite this, the quarter was marked by a notable 7.9% increase in gross written premiums, totaling $484.3 million, and a substantial 33.1% surge in net investment income, amounting to $43.8 million.
Analyst Price Target Insights
Wall Street's sentiment remains mixed towards Kinsale Capital. A survey of seven analysts yields an average one-year price target of $480.00 for KNSL. Estimates vary widely, with a high of $535.00 and a low of $429.00. This average target suggests a potential downside of 4.38% from the current stock price of $501.97. Investors seeking more detailed projections can visit the Kinsale Capital Group Inc (KNSL, Financial) Forecast page for additional insights.
Brokerage Recommendations
The consensus among 12 brokerage firms provides an average recommendation of 2.7 for Kinsale Capital, which corresponds to a "Hold" status. This rating utilizes a scale from 1 to 5, where 1 equates to a Strong Buy and 5 to a Sell.
GuruFocus Perspective: GF Value Estimates
In terms of valuation, GuruFocus presents a bullish outlook with the GF Value metric estimating Kinsale Capital's worth at $654.28 in one year. This figure indicates a potential upside of 30.34% relative to the latest price of $501.97. The GF Value is derived from the historical trading multiples of the stock, paired with past business growth metrics and future performance projections. For a deeper dive into these metrics, visit the Kinsale Capital Group Inc (KNSL, Financial) Summary page.
