Kinsale Capital Group price target raised to $360 from $350 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Kinsale Capital Group to $360 from $350 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company delivered another record quarter and has numerous tailwinds blowing at its back, with submissions growth, pricing and market opportunities set to benefit its top-line growth, the analyst tells investors in a research note. The firm added that while Kinsale stock remains expensive, there is little sign of operating momentum slowing, and it sees a "long and highly profitable" growth opportunity.