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Investing.com - Cantor Fitzgerald has reiterated its Neutral rating and $500.00 price target on Kinsale Capital (NYSE:KNSL) following the company’s latest financial results. The specialty insurer, currently trading at $453.15 with a market cap of $10.56 billion, maintains a "GREAT" financial health score according to InvestingPro analysis.
The firm expressed concerns about Kinsale’s ability to return to double-digit premium growth in 2026 based on the current performance metrics.
Kinsale reported 8% gross premium growth, which aligned with both Cantor Fitzgerald and consensus expectations from Visible Alpha, but the research firm indicated this level of growth might be insufficient for the specialty insurer.
Commercial property growth improved to -8% from -17% in the second quarter, which Cantor attributed to seasonal factors, specifically fewer competitive Florida E&S renewals.
Growth rates excluding property showed deceleration, dropping from 14% in the previous quarter to 12% in the current reporting period.
In other recent news, Kinsale Capital Group reported impressive second-quarter results for 2025, exceeding earnings and revenue forecasts. The company achieved an earnings per share of $4.78, surpassing the expected $4.41, and reported revenue of $469.81 million, which was higher than the anticipated $433 million. Additionally, Truist Securities reiterated a Buy rating on Kinsale Capital, citing optimism in the company’s management about the normalization of property insurance markets. BMO Capital also adjusted its price target for Kinsale Capital to $477.00, maintaining a Market Perform rating, and noted a favorable setup for the company’s upcoming third-quarter results in 2025. Furthermore, BMO Capital had previously raised its price target to $474.00, highlighting factors such as higher net investment income and increased net premiums written. In a leadership update, Brian D. Haney, President and Chief Operating Officer of Kinsale Capital, has been elected to the company’s Board of Directors and announced his retirement plans for March 2, 2026. After his retirement, Haney will transition to a consulting role as Senior Advisor, focusing on investor relations.
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