Kinsale Capital Group price target raised to $400 from $335 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Kinsale Capital Group to $400 from $335 and keeps a Buy rating on the shares after its Q4 earnings beat. The analyst is also boosting the firms 2023 EPS forecast to $10.30 from $9.50 to reflect its expectations of faster gains in gross written premiums, higher investment income, lower accident year losses, and lower expense.