Kinsale Capital price target raised to $560 from $500 at Truist

Truist raised the firm’s price target on Kinsale Capital (KNSL) to $560 from $500 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm is positive on the company’s mid-to-upper-single-digit growth in premiums, along with steady combined ratios and rising investment income, the analyst tells investors in a research note. Kinsale should be a long-term performer, even in a more competitive P&C market, Truist added.