Kinsale Capital price target raised to $525 from $480 at Truist

Truist raised the firm’s price target on Kinsale Capital (KNSL) to $525 from $480 and keeps a Buy rating on the shares following the Q4 report. The firm assumes 12% sales growth and “steady” underlying profitability. Kinsale should also see an incremental tailwind from rising investment income, the analyst ells investors in a research note. The firm expects the shares to appreciate with the company’s earnings growth.