Kinsale Capital price target raised to $420 from $375 at JPMorgan

JPMorgan analyst Pablo Singzon raised the firm’s price target on Kinsale Capital to $420 from $375 and keeps a Neutral rating on the shares post the Q4 report. The favorable property and casualty trading environment continues to offer a “best-in-class” operator such as Kinsale the opportunity to outpace peers on growth and margins, the analyst tells investors in a research note. However, the firm keeps a Neutral rating due to valuation.