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Wells Fargo downgrades Kinsale Capital to Equal Weight, cuts target to $357

As previously reported, Wells Fargo analyst Hristian Getsov downgraded Kinsale Capital (KNSL) to Equal Weight from Overweight with a price target of $357, down from $420. The firm is reducing gross written premium growth to flat for 2026 as property drag to persist plus growing risk on casualty. Wells expects premium mix shift away from commercial property vs rest of book around $11k / per policy in force to keep growth muted.

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