Kinsale’s results suggest slowdown in market growth, says Cantor Fitzgerald

Kinsale Capital’s (KNSL) results suggest a major slowdown in market growth, with flat to mid-single-digit expectations versus historical growth above 19%, Cantor Fitzgerald tells investors in a research note. Uncertainty remains around when EPS growth will resume and whether the current valuation is justified, the firm says. Cantor has a Neutral rating and $422 price target on the shares.