Kinsale Capital price target raised to $455 from $425 at RBC Capital

RBC Capital analyst Scott Heleniak raised the firm’s price target on Kinsale Capital to $455 from $425 and keeps a Sector Perform rating on the shares. The analyst cites the company’s Q2 earnings beat with another combined ratio in the 70s, and while premium growth decelerated in Q2 vs. recent run rates, it remains above peer levels, the analyst tells investors in a research note. Catastrophe losses were also modest given the sector-wide loss totals, RBC added.