And although Kinsale is a very successful company, it is also crazy valued and if something doesn't fit, then it goes downhill. But yesterday that was the reaction to the quarterly figures.
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@stock_strategist_86 so for me a forward P/E ratio of 25 is rather favorable given the growth, but thanks
@SemiGrowth yes in the meantime, but still very high compared to the other insurers. According to the share guide, the short ratio is 5%.
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@stock_strategist_86 Yes, they are also very volatile due to the huge investment portfolio, which is not too passively positioned, and it is also a high-risk insurer. I still find it exciting