# Kinsale Capital Group, Inc. (KNSL)

> Source: Nexqual · https://nexqual.com/KNSL · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Kinsale Capital Group, Inc. (KNSL), nexqual.com/KNSL" · informational, not investment advice.

**Price:** USD 390.64 (+3.70% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 376.7 · day 377.57–392.85 · 52w 287.2–462.82 · market cap $8.90B · NYQ

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $1.95B, net income $525M (26.9% margin), free cash flow $973M (SEC filings).
- Valuation: P/E 16.9x (avg 23.2x at the last 3 fiscal year-ends), net debt $64.1M.
- 1 of 80 tracked superinvestors hold KNSL (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $6.9M; 1 not under a Rule 10b5-1 plan ($78K); 1 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $100K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 3.08 on a 1–5 scale) (12 analysts), mean target USD 346.22 (range 264–405).
- Total return with dividends: 1Y -13.6% vs S&P 500 +14.9%; 5Y +137.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 5.7, revenue estimate $478M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $653M | $839M | $1.22B | $1.59B | $1.87B | $1.95B |
| Net income | $153M | $159M | $308M | $415M | $504M | $525M |
| EPS (diluted) | $6.62 | $6.88 | $13.22 | $17.78 | $21.65 | — |
| Free cash flow | $401M | $551M | $853M | $952M | $990M | $973M |
| Net margin | 23.4% | 19.0% | 25.2% | 26.1% | 26.9% | 26.9% |
| Revenue growth | +42.1% | +28.4% | +46.0% | +29.7% | +18.0% | — |
| Cash + short-term investments | $121M | — | — | $113M | $163M | — |
| Total debt | $42.7M | $196M | $184M | $184M | $224M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/E 16.9x · P/S 4.6x · EV/Sales 4.6x · P/FCF 9.1x · P/B 4.6x · FCF yield 10.94% · Earnings yield 5.90% · Dividend yield (paid, TTM) 0.24% · Buyback yield (TTM) 3.52% · Net debt $64.1M · EV $8.96B
P/E at fiscal year-ends: Dec 2025 18.1x, Dec 2024 26.2x, Dec 2023 25.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold KNSL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Francois Rochon | Giverny Capital | 2.67% | $79.4M | Added +9.9% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-26 | Allibhai Salmaan K. | Chief Analytics & Tech Officer | 250 | $78K | 6.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Kehoe Michael P | Chairman President and CEO | 22,576 | $6.8M | 2.5% | Yes (adopted May 22, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $100K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-08 | Tangard Christopher R. | SVP, Chief Accounting Officer | 330 | $100K | 304 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 3.08 on a 1–5 scale), 12 analysts; mean target USD 346.22 (low 264, high 405).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Target lowered | Equal-Weight | $377 → $348 |
| 2026-10-09 | JP Morgan | Target lowered | Neutral | $390 → $375 |
| 2026-10-07 | Cantor Fitzgerald | Target raised | Neutral | $259 → $264 |
| 2026-10-06 | Morgan Stanley | Target lowered | Equal-Weight | $390 → $350 |
| 2026-08-19 | Morgan Stanley | Target raised | Equal-Weight | $345 → $390 |
| 2026-07-27 | Wells Fargo | Target raised | Equal-Weight | $366 → $377 |
| 2026-07-20 | JP Morgan | Target raised | Neutral | $380 → $390 |
| 2026-07-09 | Wells Fargo | Target raised | Equal-Weight | $357 → $366 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -13.6% | +137.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -13.6% | +18.9% |
| Volatility (annualized) | 34.9% | 37.4% |
| Max drawdown | -35.8% (Oct 2025→Jun 2026) | -41.8% (Mar 2024→May 2026) |

## Peers (Insurance - Property & Casualty)
THG (Hanover Insurance Group Inc) USD 239.59 +3.30% · ORI (Old Republic International Corp) USD 40.08 -0.12% · AFG (American Financial Group, Inc.) USD 153.46 +2.53% · RLI (RLI Corp.) USD 67.01 +4.87% · CNA (CNA Financial Corporation) USD 49.39 +2.21% · SIGI (Selective Insurance Group, Inc.) USD 91.74 +0.72%

## More
Full page: https://nexqual.com/KNSL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-10-22)

- "During the third quarter of 2026, the Company repositioned a portion of its investment portfolio to improve expected long-term returns."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $5.70 | $5.71 | -0.3% | $478.3M | 11 |
| Next quarter (ends 2027-03-31) | $5.08 | $5.05 | +0.4% | $478.5M | 8 |
| Current fiscal year (ends 2026-12-31) | $21.41 | $20.83 | +2.8% | $1.97B | 12 |
| Next fiscal year (ends 2027-12-31) | $21.70 | $21.68 | +0.1% | $1.95B | 11 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 43.4% | ±9.7% |
| 2026-12-18 | 56 | 38.3% | ±12.0% |
| 2027-01-15 | 84 | 35.8% | ±13.7% |
| 2027-04-16 | 175 | 36.5% | ±20.1% |