Truist lowered the firm’s price target on Kinsale Capital (KNSL) to $405 from $450 and keeps a Buy rating on the shares. Estimates were updated to reflect strong Q1 performance and higher investment income, partly offset by slower revenue growth, while the 2027 EPS forecast remains unchanged at $22.50, the analyst tells investors in a research note. The price target was lowered due to sector-wide multiple compression, but the company is still viewed as a long-term winner despite increasing competition, Truist says.
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