Morgan Stanley raised the firm’s price target on Kinsale Capital (KNSL) to $525 from $490 and keeps an Overweight rating on the shares. The firm is updating its price targets on stocks under its coverage in the P&C Insurance sector, the analyst tells investors. Results were somewhat mixed depending on the segments, but the firm sees further growth and margin expansion in personal lines, which should be durable in 2025. Heading into 2025, the firm expects broader P&C trend to remain steady, with personal lines and brokers leading on the earnings growth front.
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Read More on KNSL:
- Kinsale Capital price target lowered to $490 from $515 at Morgan Stanley
- Kinsale Capital management to meet with Citizens JMP
- Kinsale Capital Group: Navigating Near-Term Challenges with Strong Long-Term Growth Prospects
- Kinsale Capital price target lowered to $500 from $525 at Truist
- Kinsale Capital price target lowered to $400 from $402 at JPMorgan
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