BMO Lowers Kinsale Capital Price Target, Flags Slower Growth as Chief Headwind
BMO Capital reduced its price objective for Kinsale Capital Group Inc. to $418 from $466 while keeping a Market Perform rating, citing lower growth forecasts that prompted a 5% cut to earnings-per-share estimates through 2027. The firm flagged lower underwriting income and weaker net investment income as drivers of the adjustment, even as Kinsale r…