KNSL - What Bear Market? This Growth Stock Just Hit a 52-Week High
It's been a challenging year in the market, as the S&P 500 Index, Dow Jones Industrial Average , and Nasdaq Composite Index have all hit bear market territory at some point in the past few months.
In this market environment, its hard to find many winners. But some areas of the market have held up. Outside of energy stocks, some financial sector companies are doing quite well. Specifically, insurance companies have held up, with the SPDR S&P Insurance ETF little changed since the start of the year.
But one insurer has been crushing the market -- Kinsale Capital (NYSE: KNSL) . The specialty insurer is up about 30% since the start of the year and earlier this week it hit a 52-week high. Here's what you need to know about this insurer.
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What Bear Market? This Growth Stock Just Hit a 52-Week High