This Stock Turned $10,000 Into $263,690 Since Its 2016 IPO. Here's Why It's Not Too Late to Buy.
The key to building wealth in the stock market is finding high-quality companies and holding on to them for years. One stock that has provided stellar returns for its shareholders since its 2016 initial public offering (IPO) is Kinsale Capital (NYSE: KNSL).
Kinsale Capital isn't exactly a household name, but it has all the makings of a quality investment for the long haul. The specialty insurance company has a strong position in a highly competitive industry and has rewarded shareholders handsomely in the process.
Since its IPO, Kinsale has returned more than 50% annually, or enough to turn $10,000 into $263,690 during the past eight years. Here's why it can continue to be a stellar stock for patient investors today.
Source Fool.com
