This Unstoppable Growth Stock Has Delivered 53% Annualized Returns Over the Past 5 Years. Is It Too Late to Buy?
When investing for the long haul, you want to buy stock in quality companies with strong competitive advantages that can withstand the test of time. Kinsale Capital (NYSE: KNSL) is one such example. Kinsale writes insurance policies beyond those standard insurers cover and has done a stellar job as a company and as a stock since going public in 2016.
Over the past five years, Kinsale's business has benefited from tailwinds, and its stock has delivered investors a 53% average annual return. With the stock surging again after its recent earnings, is it too late for investors to buy? Here's what you should know about Kinsale Capital before buying.
In the world of property and casualty insurance (P), there are two types of companies. Traditional insurers offer coverage for standard policies such as automotive or homeowners insurance. Specialty insurers, also known as excess and surplus insurers (E&S), write policies on those harder-to-place risks. The E market is where Kinsale makes its name.
Source Fool.com
