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Kinsale Capital Group

Nasdaq:KNSL
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KNSL
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Kinsale Capital Group, Inc. provides as a casualty and property insurance products in the United States. The last earnings update was 48 days ago. More info.


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KNSL Share Price and Events
7 Day Returns
-0.5%
NasdaqGS:KNSL
-0.2%
US Insurance
0.1%
US Market
1 Year Returns
66.1%
NasdaqGS:KNSL
11.4%
US Insurance
1.2%
US Market
KNSL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kinsale Capital Group (KNSL) -0.5% 3.4% 26.2% 66.1% - -
US Insurance -0.2% 2.7% 9.2% 11.4% 37.8% 44.4%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • KNSL outperformed the Insurance industry which returned 11.4% over the past year.
  • KNSL outperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
KNSL
Industry
5yr Volatility vs Market

Value

 Is Kinsale Capital Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kinsale Capital Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kinsale Capital Group.

NasdaqGS:KNSL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.11 * 11.3%
$1.82
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $16.11
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:KNSL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.689 (1 + (1- 21%) (0.05%))
0.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:KNSL using Excess Returns Model Model

The calculations below outline how an intrinsic value for Kinsale Capital Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:KNSL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.3% – 7.5%) * $16.11)
$0.61
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.61 / (7.5% - 2.73%)
$12.81
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.11 + $12.81
$28.92
NasdaqGS:KNSL Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.92
Current discount Discount to share price of $86.85
= -1 x ($86.85 - $28.92) / $28.92
-200.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kinsale Capital Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kinsale Capital Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kinsale Capital Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:KNSL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.14
NasdaqGS:KNSL Share Price ** NasdaqGS (2019-06-18) in USD $86.85
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.5x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kinsale Capital Group.

NasdaqGS:KNSL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:KNSL Share Price ÷ EPS (both in USD)

= 86.85 ÷ 2.14

40.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinsale Capital Group is overvalued based on earnings compared to the US Insurance industry average.
  • Kinsale Capital Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kinsale Capital Group's expected growth come at a high price?
Raw Data
NasdaqGS:KNSL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
9.1%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:KNSL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.57x ÷ 9.1%

4.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinsale Capital Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kinsale Capital Group's assets?
Raw Data
NasdaqGS:KNSL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.57
NasdaqGS:KNSL Share Price * NasdaqGS (2019-06-18) in USD $86.85
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:KNSL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:KNSL Share Price ÷ Book Value per Share (both in USD)

= 86.85 ÷ 13.57

6.4x

* Primary Listing of Kinsale Capital Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinsale Capital Group is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess Kinsale Capital Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Kinsale Capital Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kinsale Capital Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kinsale Capital Group expected to grow at an attractive rate?
  • Kinsale Capital Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kinsale Capital Group's earnings growth is positive but not above the United States of America market average.
  • Kinsale Capital Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:KNSL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:KNSL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 9.1%
NasdaqGS:KNSL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 16.2%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:KNSL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:KNSL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 330 58 4
2019-12-31 287 57 4
NasdaqGS:KNSL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 244 116 45
2018-12-31 222 104 34
2018-09-30 216 91 35
2018-06-30 204 87 28
2018-03-31 194 83 26
2017-12-31 187 77 25
2017-09-30 176 82 40
2017-06-30 163 78 41
2017-03-31 152 73 27
2016-12-31 142 74 26
2016-09-30 126 77 10
2016-06-30 111 81 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kinsale Capital Group's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Kinsale Capital Group's revenue is expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:KNSL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Kinsale Capital Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:KNSL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.63 2.65 2.60 3.00
2019-12-31 2.49 2.57 2.41 2.00
NasdaqGS:KNSL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.14
2018-12-31 1.60
2018-09-30 1.67
2018-06-30 1.31
2018-03-31 1.23
2017-12-31 1.19
2017-09-30 1.10
2017-06-30 1.12
2017-03-31 0.72
2016-12-31 0.72
2016-09-30 0.49
2016-06-30 0.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kinsale Capital Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kinsale Capital Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kinsale Capital Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kinsale Capital Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kinsale Capital Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Kinsale Capital Group's 1-year earnings growth exceeds its 5-year average (74.5% vs 23.7%)
  • Kinsale Capital Group's earnings growth has exceeded the US Insurance industry average in the past year (74.5% vs 6.6%).
Earnings and Revenue History
Kinsale Capital Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kinsale Capital Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:KNSL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 244.17 45.22
2018-12-31 222.11 33.79
2018-09-30 215.95 35.26
2018-06-30 203.65 27.52
2018-03-31 194.22 25.91
2017-12-31 186.78 24.90
2017-09-30 176.39 40.23
2017-06-30 163.42 40.94
2017-03-31 151.58 27.19
2016-12-31 141.62 26.17
2016-09-30 125.64 9.52
2016-06-30 110.61 10.55
2016-03-31 95.53 22.41
2015-12-31 80.60 22.27
2014-12-31 63.68 12.97
2013-12-31 48.48 12.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kinsale Capital Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kinsale Capital Group used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Kinsale Capital Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kinsale Capital Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kinsale Capital Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kinsale Capital Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kinsale Capital Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kinsale Capital Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kinsale Capital Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kinsale Capital Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Kinsale Capital Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kinsale Capital Group Company Filings, last reported 2 months ago.

NasdaqGS:KNSL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 288.89 0.90 102.87
2018-12-31 263.99 0.00 75.09
2018-09-30 257.91 0.00 64.74
2018-06-30 247.95 0.00 79.67
2018-03-31 239.85 0.00 56.66
2017-12-31 238.19 0.00 81.75
2017-09-30 231.76 0.00 96.68
2017-06-30 226.05 0.00 107.91
2017-03-31 216.47 0.00 75.56
2016-12-31 210.21 0.00 50.75
2016-09-30 209.88 27.22 104.01
2016-06-30 129.83 29.68 28.89
2016-03-31 120.84 29.64 35.96
2015-12-31 113.45 29.60 26.84
2014-12-31 92.59 27.48 28.22
2013-12-31
  • Kinsale Capital Group has no debt.
  • Kinsale Capital Group currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Kinsale Capital Group has no debt, it does not need to be covered by operating cash flow.
  • Kinsale Capital Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Kinsale Capital Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kinsale Capital Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.37%
Current annual income from Kinsale Capital Group dividends. Estimated to be 0.4% next year.
If you bought $2,000 of Kinsale Capital Group shares you are expected to receive $7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kinsale Capital Group's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Kinsale Capital Group's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:KNSL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:KNSL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.36 3.00
2019-12-31 0.33 3.00
NasdaqGS:KNSL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-23 0.320 0.370
2019-02-14 0.320 0.453
2018-11-15 0.280 0.482
2018-08-14 0.280 0.463
2018-05-24 0.280 0.503
2018-02-12 0.280 0.544
2017-11-09 0.240 0.539
2017-08-17 0.240 0.582
2017-05-25 0.240 0.640
2017-05-04 0.240 0.687
2017-03-16 0.240 0.722
2016-11-10 0.200 0.663
2016-09-07 0.200 0.910
2016-09-01 0.200 0.965

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinsale Capital Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Kinsale Capital Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Kinsale Capital Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Kinsale Capital Group's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Kinsale Capital Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Kinsale Capital Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kinsale Capital Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kinsale Capital Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kinsale Capital Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Kehoe
COMPENSATION $1,667,505
AGE 52
TENURE AS CEO 10 years
CEO Bio

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 was Chief Executive Officer and President of James River Management Company Inc., a subsidiary of James River Group, Inc. since November 2002 until 2008. Mr. Kehoe held various positions at Colony Insurance Company (Colony Management Services, Inc. culminating as Vice President of Brokerage Underwriting from 1994 to 2002. He has been Director of James River Group, Inc. since December 2007. He has been a Director of Kinsale Capital Group, Inc. since June 2009. He holds a J.D. from the University of Richmond School of Law. Mr. Kehoe received a B.A. in Economics from Hampden Sydney College.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kinsale Capital Group management team in years:

4.3
Average Tenure
52
Average Age
  • The tenure for the Kinsale Capital Group management team is about average.
Management Team

Michael Kehoe

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
10 yrs

Bryan Petrucelli

TITLE
Senior VP
COMPENSATION
$688K
AGE
52
TENURE
4.3 yrs

Brian Haney

TITLE
Senior VP & COO
COMPENSATION
$688K
AGE
48
TENURE
4.3 yrs

William Kenney

TITLE
Senior VP & Chief Information Officer
COMPENSATION
$673K
AGE
67
TENURE
10 yrs

Ann Marson

TITLE
Chief Claims Officer & Senior VP
COMPENSATION
$673K
AGE
60
TENURE
9.8 yrs

Ben Pully

TITLE
Senior Vice President
TENURE
2.3 yrs

Clay Rhoades

TITLE
Senior Vice President
TENURE
2.3 yrs

Amanda Viol

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Kinsale Capital Group board of directors in years:

4.1
Average Tenure
59
Average Age
  • The tenure for the Kinsale Capital Group board of directors is about average.
Board of Directors

Bob Lippincott

TITLE
Chairman of the Board
COMPENSATION
$150K
AGE
71
TENURE
4.1 yrs

Michael Kehoe

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
10 yrs

Fred Russell

TITLE
Director
COMPENSATION
$130K
AGE
59
TENURE
9.2 yrs

James Ritchie

TITLE
Director
COMPENSATION
$145K
AGE
63
TENURE
6.4 yrs

Greg Share

TITLE
Director
COMPENSATION
$130K
AGE
44
TENURE
1.8 yrs

Steve Bensinger

TITLE
Director
COMPENSATION
$130K
AGE
63
TENURE
3.9 yrs

Anne Kronenberg

TITLE
Director
COMPENSATION
$130K
AGE
58
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • Kinsale Capital Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Jun 19 Sell William Kenney Individual 05. Jun 19 05. Jun 19 -815 $86.40 $-70,412
04. Jun 19 Sell Bryan Petrucelli Individual 04. Jun 19 04. Jun 19 -815 $87.36 $-71,202
16. May 19 Sell Robert Lippincott Individual 15. May 19 15. May 19 -1,111 $84.35 $-93,716
13. May 19 Sell Frederick Russell Individual 09. May 19 09. May 19 -1,111 $80.30 $-89,218
07. May 19 Sell Frederick Russell Individual 06. May 19 06. May 19 -5,000 $81.96 $-409,796
08. Nov 18 Sell Frederick Russell Individual 06. Nov 18 06. Nov 18 -5,000 $60.35 $-301,750
10. Oct 18 Sell Frederick Russell Individual 09. Oct 18 09. Oct 18 -1,000 $61.31 $-61,312
11. Sep 18 Sell Frederick Russell Individual 10. Sep 18 10. Sep 18 -1,000 $60.75 $-60,748
13. Aug 18 Sell Robert Lippincott Individual 10. Aug 18 10. Aug 18 -6,000 $59.04 $-354,214
10. Aug 18 Sell Frederick Russell Individual 09. Aug 18 09. Aug 18 -1,000 $59.32 $-59,319
10. Jul 18 Sell Frederick Russell Individual 09. Jul 18 09. Jul 18 -1,000 $55.51 $-55,510
X
Management checks
We assess Kinsale Capital Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kinsale Capital Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can You Imagine How Kinsale Capital Group's (NASDAQ:KNSL) Shareholders Feel About The 65% Share Price Increase?

(NASDAQ:KNSL) share price is up 65% in the last year, clearly besting than the market return of around 0.6% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … A Different Perspective It's nice to see that Kinsale Capital Group shareholders have gained 65% over the last year, including dividends.

Simply Wall St -

Is There Now An Opportunity In Kinsale Capital Group, Inc. (NASDAQ:KNSL)?

Kinsale Capital Group is currently overpriced based on my relative valuation model. … Furthermore, Kinsale Capital Group’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … What does the future of Kinsale Capital Group look like?

Simply Wall St -

Is Kinsale Capital Group, Inc. (NASDAQ:KNSL) A Volatile Stock?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Despite Its High P/E Ratio, Is Kinsale Capital Group, Inc. (NASDAQ:KNSL) Still Undervalued?

To keep it practical, we'll show how Kinsale Capital Group, Inc.'s (NASDAQ:KNSL) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Kinsale Capital Group's P/E ratio is 43.26. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Have Insiders Been Selling Kinsale Capital Group, Inc. (NASDAQ:KNSL) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Kinsale Capital Group, Inc. … The Last 12 Months Of Insider Transactions At Kinsale Capital Group. … Over the last year we saw more insider selling of Kinsale Capital Group shares, than buying

Simply Wall St -

If You Had Bought Kinsale Capital Group (NASDAQ:KNSL) Stock A Year Ago, You Could Pocket A 28% Gain Today

We'll need to follow Kinsale Capital Group for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … Kinsale Capital Group was able to grow EPS by 35% in the last twelve months. … So it seems like the market has cooled on Kinsale Capital Group, despite the growth.

Simply Wall St -

Is Kinsale Capital Group, Inc.'s (NASDAQ:KNSL) 13% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Kinsale Capital Group, Inc. … That means that for every $1 worth of shareholders' equity, it generated $0.13 in profit.

Simply Wall St -

At US$59.21, Is Kinsale Capital Group, Inc. (NASDAQ:KNSL) Worth Looking At Closely?

saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Kinsale Capital Group’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Are Insiders Selling Kinsale Capital Group, Inc. (NASDAQ:KNSL) Stock?

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Kinsale Capital Group Insider Transactions Over The Last Year. … In total, Kinsale Capital Group insiders sold more than they bought over the last year

Simply Wall St -

Despite Its High P/E Ratio, Is Kinsale Capital Group Inc (NASDAQ:KNSL) Still Undervalued?

We'll show how you can use Kinsale Capital Group Inc's (NASDAQ:KNSL) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Kinsale Capital Group's P/E ratio is 36.08. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Kinsale Capital Group, Inc. provides as a 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, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance. The company markets and sells insurance products through a network of independent insurance brokers. Kinsale Capital Group, Inc. was founded in 2009 and is headquartered in Richmond, Virginia.

Details
Name: Kinsale Capital Group, Inc.
KNSL
Exchange: NasdaqGS
Founded: 2009
$1,848,728,703
21,286,456
Website: http://www.kinsalecapitalgroup.com
Address: Kinsale Capital Group, Inc.
2221 Edward Holland Drive,
Suite 600,
Richmond,
Virginia, 23230,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS KNSL Common Stock Nasdaq Global Select US USD 28. Jul 2016
DB KCH Common Stock Deutsche Boerse AG DE EUR 28. Jul 2016
Number of employees
Current staff
Staff numbers
190
Kinsale Capital Group employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 01:02
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/06
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.