Stockchase Opinions

Teal Linde Kinsale capital group KNSL-N TOP PICK May 13, 2024

It is a property and casualty insurance company which focuses just on access and surplus segments which are non-standardized insurance. It has higher risk customers and unique situations and can price at whatever the market can bear. It is focusing on a low cost model which could double three times to go from 1.8% market share to 14%  like others have done. It is very efficient and mitigates risk by doing lots of small and medium businesses. It is growing its expected revenue by 18% this year and next.            Buy 2  Hold 7  Sell 0

$375.410

Stock price when the opinion was issued

insurance
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TOP PICK

15-year-old P&C insurance company. Non-standardized specialty insurance, focused on being a low-cost provider. Market share 1.8%. Stock got ahead of itself, most recent dip was a chance to buy. Revenue and earnings growing 18%, trades around 20x PE. Decent growth rate for that valuation. Yield is 0.2%.

(Analysts’ price target is $418.38)
PARTIAL SELL
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

KNSL is (still) up 32% YTD and profit-taking was one factor. Some investors also 'sell on news'. EPS was 16% ahead of estimates and revenue was 4% better. Premiums rose 18% and it authorized a $100M share buyback. Wolfe Research raised its rating on the stock. Revenue rose 33%. We would consider the results quite solid overall. 
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