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Investing.com - BMO Capital raised its price target on Kinsale Capital (NYSE:KNSL) to $474.00 from $429.00 on Tuesday, while maintaining a Market Perform rating on the insurance stock. The $11 billion market cap company has demonstrated strong financial performance, with revenue growing 21% over the last twelve months, according to InvestingPro data.
The price target increase represents a 10.5% boost from the previous target and is based on multiple factors including higher net investment income and higher net premiums written with less premiums ceded.
BMO Capital also cited a lower underlying loss ratio and higher reserve release levels as contributing factors to the more optimistic outlook for Kinsale Capital.
The new $474 price target represents a 22.0x multiple to BMO’s operating EPS estimate of $21.55, which is 3% above consensus estimates.
BMO noted that the 22.0x multiple is 27% below Kinsale Capital’s 10-year average of 30.1x.
In other recent news, Kinsale Capital Group Inc . reported impressive second-quarter results for 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $4.78, which was higher than the expected $4.41, resulting in an 8.39% surprise. Revenue also exceeded expectations, reaching $469.81 million compared to the forecasted $433 million, marking an 8.5% increase. These positive financial results highlight the company’s strong performance during this period. Despite the favorable earnings and revenue figures, the stock experienced a minor decline in aftermarket trading. Investors and analysts continue to monitor Kinsale Capital’s performance closely following these developments.
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