Kinsale Capital Group reported earnings growth ranging from 30% to 102% over the last four quarters. Revenue growth also excelled, ranging from 30% to 42%. On Monday, the Relative Strength (RS) Rating for Kinsale Capital stock climbed seven points, from 67 to 75.
The upgraded 75 RS Rating shows that Kinsale Capital outperformed 75% of all stocks in IBD's database for price performance over the past year. Market research shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Kinsale Capital can clear that threshold.
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Kinsale Capital Stock Up 30% In 5 Months
Kinsale Capital is in the property insurance group. It provides property and casualty insurance in all 50 states and in Washington, D.C.
Its stock rose to an all-time high 548.47 on March 6, then consolidated, falling to 355.12 on April 29. It's rebounded over the past five month to just above 464 Monday afternoon.
It's working on a cup with handle with a 494.27 buy point. See if it can break out in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those can succeed but entail more risk.
Kinsale Capital Group posted 30% EPS growth last quarter, to $3.75 per share, while sales growth also came in at 30%, to $384.6 million. The company is expected to report its latest numbers on or around Oct. 24.
Among Top 5 In Peer Group
Kinsale Capital Group earns the No. 5 rank among its peers in the 61-stock Insurance-Property/Casualty/Title industry group. HCI Group is the No. 1-ranked stock in the group.
The exclusive Relative Strength Rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
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