NasdaqGS:KNSL

Stock Analysis Report

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Executive Summary

Kinsale Capital Group, Inc. provides casualty and property insurance products in the United States.


Snowflake Analysis

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Kinsale Capital Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KNSL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

KNSL

1.5%

US Insurance

2.3%

US Market


1 Year Return

62.1%

KNSL

-21.1%

US Insurance

6.7%

US Market

Return vs Industry: KNSL exceeded the US Insurance industry which returned -21.1% over the past year.

Return vs Market: KNSL exceeded the US Market which returned 6.7% over the past year.


Shareholder returns

KNSLIndustryMarket
7 Day0.8%1.5%2.3%
30 Day3.2%0.2%6.0%
90 Day38.7%3.7%18.9%
1 Year62.6%62.1%-19.0%-21.1%9.0%6.7%
3 Year330.1%324.5%-0.7%-8.9%36.6%27.7%
5 Yearn/a26.5%10.6%64.2%46.1%

Price Volatility Vs. Market

How volatile is Kinsale Capital Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kinsale Capital Group undervalued compared to its fair value and its price relative to the market?

68.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KNSL ($156.86) is trading above our estimate of fair value ($56.38)

Significantly Below Fair Value: KNSL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KNSL is poor value based on its PE Ratio (68.7x) compared to the US Insurance industry average (13.3x).

PE vs Market: KNSL is poor value based on its PE Ratio (68.7x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: KNSL is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: KNSL is overvalued based on its PB Ratio (8.7x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is Kinsale Capital Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KNSL's forecast earnings growth (25% per year) is above the savings rate (2.2%).

Earnings vs Market: KNSL's earnings (25% per year) are forecast to grow faster than the US market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KNSL's revenue (21.1% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: KNSL's revenue (21.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KNSL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Kinsale Capital Group performed over the past 5 years?

26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KNSL has high quality earnings.

Growing Profit Margin: KNSL's current net profit margins (15.3%) are lower than last year (18.5%).


Past Earnings Growth Analysis

Earnings Trend: KNSL's earnings have grown significantly by 26.8% per year over the past 5 years.

Accelerating Growth: KNSL's earnings growth over the past year (9.8%) is below its 5-year average (26.8% per year).

Earnings vs Industry: KNSL earnings growth over the past year (9.8%) exceeded the Insurance industry -1.9%.


Return on Equity

High ROE: KNSL's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Kinsale Capital Group's financial position?


Financial Position Analysis

Short Term Liabilities: KNSL's short term assets ($171.7M) do not cover its short term liabilities ($730.3M).

Long Term Liabilities: KNSL's short term assets ($171.7M) exceed its long term liabilities ($33.9M).


Debt to Equity History and Analysis

Debt Level: KNSL's debt to equity ratio (5.9%) is considered satisfactory.

Reducing Debt: KNSL's debt to equity ratio has reduced from 28.6% to 5.9% over the past 5 years.

Debt Coverage: KNSL's debt is well covered by operating cash flow (862.7%).

Interest Coverage: Insufficient data to determine if KNSL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Kinsale Capital Group current dividend yield, its reliability and sustainability?

0.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KNSL's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: KNSL's dividend (0.23%) is low compared to the top 25% of dividend payers in the US market (4.6%).


Stability and Growth of Payments

Stable Dividend: KNSL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: KNSL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: KNSL is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KNSL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Michael Kehoe (54yo)

11.08yrs

Tenure

US$2,010,101

Compensation

Mr. Michael Patrick Kehoe Founded Kinsale Capital Group, Inc. in 2009 and has been its Chief Executive Officer and President since June 2009. Mr. Kehoe has been Chief Executive Officer, President and Direc ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD2.01M) is below average for companies of similar size in the US market ($USD5.85M).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Kehoe
President11.08yrsUS$2.01m4.48% $156.3m
Bryan Petrucelli
Executive VP5.33yrsUS$863.44k0.27% $9.3m
Brian Haney
Executive VP & COO5.33yrsUS$821.34k0.76% $26.4m
Diane Schnupp
Senior VP & Chief Information Officer1yrUS$537.12k0.017% $606.0k
Ann Marson
Executive VP & Chief Claims Officer10.92yrsUS$793.26k0.29% $10.0m
Benjamin Pully
Senior Vice President3.42yrsno datano data
Clayton Rhoades
Senior Vice President3.42yrsno datano data
Patrick Dalton
Senior Vice President of Casualty0.33yrno datano data
Amanda Viol
Secretaryno datano datano data

4.4yrs

Average Tenure

54yo

Average Age

Experienced Management: KNSL's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Kehoe
President11.08yrsUS$2.01m4.48% $156.3m
Frederick Russell
Independent Director10.25yrsUS$150.01k0.11% $3.8m
Gregory Share
Independent Director2.92yrsUS$150.01k0.0033% $115.9k
Steven Bensinger
Independent Director5yrsUS$150.01k0.11% $3.8m
James Ritchie
Independent Director7.5yrsUS$170.01k0.096% $3.3m
Anne Kronenberg
Independent Director3.08yrsUS$150.01k0.030% $1.1m
Robert Lippincott
Independent Chairman of the Board5.17yrsUS$175.01k0.043% $1.5m

5.2yrs

Average Tenure

61yo

Average Age

Experienced Board: KNSL's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KNSL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

Company Information

Kinsale Capital Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kinsale Capital Group, Inc.
  • Ticker: KNSL
  • Exchange: NasdaqGS
  • Founded: 2009
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$3.491b
  • Shares outstanding: 22.25m
  • Website: https://www.kinsalecapitalgroup.com

Number of Employees


Location

  • Kinsale Capital Group, Inc.
  • 2221 Edward Holland Drive
  • Suite 600
  • Richmond
  • Virginia
  • 23230
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KNSLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2016
KCHDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2016

Biography

Kinsale Capital Group, Inc. provides casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, homeowners, and commercial insurance, as well as product, professional, and management liability insurance. The company markets and sells insurance products through insurance brokers. Kinsale Capital Group, Inc. was founded in 2009 and is based in Richmond, Virginia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 23:55
End of Day Share Price2020/07/13 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.