Truist lowered the firm’s price target on Kinsale Capital (KNSL) to $510 from $560 and keeps a Buy rating on the shares. The firm is increasing its 2025 and 2026 EPS estimates based on higher assumed net investment income, marginally faster growth in gross written premiums, and lower ceded premiums, but trimming its price target based on recent pressure on valuations across the property and casualty insurance space, the analyst tells investors.
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Read More on KNSL:
- 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
- KNSL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Kinsale Capital price target lowered to $528 from $545 at BofA