Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Truist Securities lowered its price target on Kinsale Capital (NYSE:KNSL) to $510.00 from $560.00 on Monday, while maintaining a Buy rating on the property and casualty insurer. The $10 billion market cap company, currently trading at $431, has shown strong financial performance with revenue growth of 21% over the last twelve months. According to InvestingPro data, nine analysts have recently revised their earnings estimates upward for the upcoming period.
The price target reduction comes despite Truist raising its earnings estimates for the company, with the firm citing recent pressure on valuations across the property and casualty insurance sector as the primary reason for the adjustment. The stock currently trades at a P/E ratio of 20.76x, while maintaining a "GREAT" financial health score according to InvestingPro’s comprehensive analysis.
Truist increased its 2025 earnings per share estimate to $19.20 from $18.65 and raised its 2026 outlook to $21.25 from $20.90, influenced by higher assumed net investment income, marginally faster growth in gross written premiums, and lower ceded premiums.
The new $510 price target assumes Kinsale maintains its forward price-to-earnings ratio of 24x and appreciates with earnings growth, according to Truist’s analysis.
Truist maintained its view that Kinsale should be a long-term winner, even in what it describes as a more competitive property and casualty insurance market.
In other recent news, Kinsale Capital has caught the attention of several investment firms following its latest financial results. Cantor Fitzgerald has reiterated its Neutral rating on Kinsale Capital, expressing concerns about the company’s ability to achieve double-digit premium growth by 2026. Meanwhile, Truist Securities has maintained a Buy rating, showing optimism about the company’s growth in the property insurance markets, especially noting double-digit growth in Texas and Florida. BMO Capital has adjusted its price target for Kinsale Capital to $477, citing a favorable setup for the third-quarter 2025 results, with a noted 2% year-over-year increase in Excess and Surplus stamping data for September. Additionally, BMO Capital had earlier increased its price target from $429 to $474, highlighting factors such as higher net investment income and net premiums written. In corporate developments, Brian D. Haney, President and COO, has been elected to the Board of Directors and announced his retirement plans for March 2026. After his retirement, Haney will serve as a Senior Advisor focusing on investor relations. These updates provide a detailed view of Kinsale Capital’s recent strategic and financial positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.