Kinsale Capital price target lowered to $434 from $450 at BMO Capital

BMO Capital analyst Michael Zaremski lowered the firm’s price target on Kinsale Capital to $434 from $450 and keeps an Outperform rating on the shares after its Q3 results. Following Kinsale’s blowout Q2 growth of 58%, BMO notes that the expected Q3 growth rate of 42% was too optimistic, though Friday’s 20% decline has given investors a “great entry point” the analyst tells investors in a research note.