Kinsale shares drop on analyst downgrade

Kinsale Capital shares plunged as much as 9 percent yesterday
after a William Blair analyst downgraded his rating of the excess
and surplus lines (E&S) specialist to market perform from
outperform.
After recovering some of its loss, Kinsale ended the day at
$40.22, down 7.1 percent in New York trading. It was the
company's lowest close in almost a month.
William Blair analyst Adam Klauber reportedly cut his rating on
Kinsale even though he remains a long-term bull on the...