Kinsale Capital price target lowered to $470 from $500 at Cantor Fitzgerald

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.