Kinsale Capital price target raised to $490 from $370 at Compass Point

Compass Point analyst Casey Alexander raised the firm’s price target on Kinsale Capital to $490 from $370 and keeps a Neutral rating on the shares. The firm has described Kinsale as “the gold standard” in the E&S Specialty insurance market, but remains mindful that investors “need to be extra discriminating about entry points with KNSL that offer reasonable potential rates of return,” adding that it judges the current risk-reward proposition as “currently in balance with some slight negative bias based upon the overbought condition of the stock.”