BUZZ-Kinsale Capital rises after BofA starts coverage with 'buy' rating
Reuters
Jun 21, 2025
BUZZ-Kinsale Capital rises after BofA starts coverage with 'buy' rating
** Shares of specialty insurance company Kinsale Capital Group KNSL.N rise 3.3% to $476.13
** BofA Global Research initiates KNSL coverage with a "buy" rating and PT of $543
** BofA thinks recent acceleration in flows into the excess and surplus lines (E&S) market is more structural than in past years; believes KNSL is among the best positioned to take advantage
** Despite near-term headwinds to growth, BofA remains constructive on long-term growth trends of KNSL
** Among KNSL's advantages vs competition is a proprietary technology platform that quickens risk assessment and allows brokers to quickly bind policies — BofA
** Up to Wednesday's close, KNSL had fallen 1%
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com))
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