In a welcome move, Kinsale Capital Group saw its Relative Strength Rating improve from 69 to 73 on Wednesday.
IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest climbs. See if Kinsale Capital Group can continue to rebound and clear that threshold.
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Kinsale Capital Group is within a buy zone after climbing above a 494.27 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
While earnings-per-share growth decreased in the prior quarter from 30% to 27%, sales grew 33%, up from 30% in the prior report.
The company holds the No. 1 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital Group and Mercury General are also among the group's highest-rated stocks.
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