-- Kinsale Capital Group's (KNSL) growth challenges are expected to continue with no end in sight, RBC said in a note emailed Monday.
The brokerage said Kinsale continues to struggle with a competitive environment, particularly in its commercial property division, where premiums were down 28% year over year.
However, RBC believes that the stability in Kinsale's profitability remains under-appreciated but expects "shares to be limited by competitive pressures on growth in the near-term."
The brokerage maintained the company's sector perform rating and lowered the price target to $375 from $385.
Price: $332.20, Change: $-12.88, Percent Change: -3.73%