Kinsale Capital Group Inc (KNSL)

Kinsale Capital Group Stock (KNSL) dropped by 19.56% from $426.22 to $342.87 in the trading on Friday October 27, 2023. The reason why KNSL stock down today is due to the profit-taking after strong Q3 FY23 results. Kinsale's latest quarter, though solid, included at least some hint that growth could be slowing. The numbers weren't quite as good as previous quarters

• Operating earnings of $3.31 per share in the most recent quarter, topping the $2.84-per-share consensus and well above the $1.43 per share the company reported a year ago.
• Net income increased by 130.8% year over year, and gross written premiums increased by 33% to $377.8 million.