BofA Securities Starts Kinsale Capital (KNSL) at Buy

BofA Securities analyst Joseph Tumill initiates coverage on Kinsale Capital (NYSE: KNSL) with a Buy rating and a price target of $543.00.

The analyst commented: "Kinsale is a specialty insurance carrier that focuses exclusively on the excess and surplus lines (E&S), particularly for small medium enterprises (SME). Kinsale’s focus on attractive market segments, disciplined underwriting and expense management has delivered strong premium growth historically, while achieving operating ROEs often +20%. We believe concerns around slower top-line growth are overblown but provide an attractive entry point in a compounding business gaining share in a growing market."

For an analyst ratings summary and ratings history on Kinsale Capital click here. For more ratings news on Kinsale Capital click here.

Shares of Kinsale Capital closed at $460.87 yesterday.

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