Cantor Fitzgerald lowered the firm’s price target on Kinsale Capital (KNSL) to $470 from $500 and keeps a Neutral rating on the shares. Kinsale’s results seemed to be negatively impacted by the rise in competition in recent quarters with the company producing the sole underlying loss ratio miss thus far, the analyst tells investors in a research note.
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Read More on KNSL:
- Kinsale Capital Group’s Earnings Call Highlights Growth and Challenges
- Kinsale Capital price target lowered to $510 from $560 at Truist
- Cautious Outlook for Kinsale Capital Group Amid Profitability Pressures and Leadership Changes
- Kinsale Capital Announces Board and Executive Changes
- Kinsale Capital reports Q3 operating EPS $5.21, consensus $4.82