The Bear Cave issued a cautious report on Kinsale Capital (KNSL), telling investors in a research note that Kinsale “takes on risks that standard/regulated insurers often decline,” such as unusual businesses, hazardous operations, companies with poor loss histories, or accounts in difficult legal venues, including bars, contractors, demolition firms, cannabis dispensaries, and jet ski rental companies, among others. The Bear Cave believes Kinsale is not a business with a durable moat and instead is powered by “overpriced and exclusion-heavy” insurance policies enabled by minimal regulatory oversight and a less sophisticated customer base.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNSL:
- Kinsale Capital Announces CIO Retirement and Leadership Transition
- Kinsale Capital announces realignment of Analytics, Technology groups
- Kinsale Capital Realigns Technology Leadership After CIO Retirement
- Kinsale Capital price target lowered to $375 from $385 at RBC Capital
- Wells Fargo downgrades Kinsale Capital to Equal Weight, cuts target to $357