KNSL
📉 Kinsale Capital stock is falling significantly following its quarterly earnings report.
🧐 The company appears potentially overvalued, trading at seven times book value, which is high for an insurance company.
📊 Despite high valuation concerns, the stock has historically found support around its 325-day moving average, presenting a potential technical entry point after the drop.
@bernardodegarcia:
“The stocks falling the most right now, Kinsale Capital, has quarterly results. Kinsale Capital Group Quarter, indeed. Ah, this company, at least for now, above 500, seems like a pretty interesting short to me because, as you can see, well, it ends up getting overvalued too much. It’s trading at seven times book value. Ah, it’s a very good company, but seven times book for an insurance company, eh, you need stomach for that. But well, it’s also quite interesting to observe how it always bounces a bit off its 325 moving average. That’s also something to keep in mind. The 325 now sits at 446. The shares, after falling 10%, are at 450. Dead certain, sure, and taxes, but it appears somewhat more interesting again, especially after having fallen 10% from 500.”
Watch the exact part of the video where @bernardodegarcia talks about Kinsale Capital Group here:
Watch the video on YouTube
Read more articles analyzing Kinsale Capital Group (KNSL) at the following link. KNSL stock.
