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Why Kinsale Capital Stock Popped, Then Dropped Today

Kinsale rocketed past analysts' expectations, but its share price has taken a round trip back to where it closed yesterday.Shares of specialty insurer Kinsale Capital Group (KNSL 1.52%) were flat as of 1 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.Kinsale, the only publicly traded insurer focused exclusively on the excess and surplus market (coverage for hard-to-place small and mid-size business risks), reported second-quarter earnings that exceeded analysts' expectations ...