KNSL - Better Buy: SoFi or Kinsale Capital?
2023-08-09 07:59:00 ET
With their share prices up 102% and 40% year to date, SoFi Technologies (NASDAQ: SOFI) and Kinsale Capital (NYSE: KNSL) have been firing on all cylinders. While SoFi grew its revenue by 37% in the most recent quarter, Kinsale saw its gross written premiums rise by a staggering 58% -- far outpacing the tepid growth often seen in the financial sector.
Led by such outstanding growth rates, these businesses and their unique operations offer investors market-beating potential for decades. However, at today's elevated prices, which is the better purchase for buy-to-hold investors?
With 6.2 million members -- a figure that grew by 44% year over year in the second quarter -- SoFi's growth over the last few years has been nothing short of astronomical. Despite this impressive growth, SoFi stock is finally returning to its initial public offering (IPO) price in 2020.
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Better Buy: SoFi or Kinsale Capital?