Giverny Capital Asset Management, LLC, an investment management company, recently published its fourth-quarter 2025 investor letter. A copy of the same can be downloaded here. The Portfolio returned 0.01% compared to 2.66% for the S&P 500. YTD, the fund returned 12.58% compared to 17.88% for the Index. The firm faced a challenging fourth quarter and calendar year, despite solid appreciation. The outperformance of a few large technology companies has negatively impacted performance, given the portfolio's und ...

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Key Points Jacobson & Schmitt Advisors added 6,661 shares of Kinsale Capital Group in the fourth quarter; the estimated trade value was $2.72 million based on quarterly average prices. The fund's quarter-end stake value rose by $1.37 million, reflecting both additional shares and price movement. The fund held 42,894 shares in Kinsale Capital Group worth $16.78 million after the trade. These 10 stocks could mint the next wave of millionaires › Jacobson & Schmitt Advisors reported the purchase of ...

Core Insights - The article discusses the potential of mid-cap stocks as attractive investment opportunities, particularly in the context of the "America First" agenda which aims to boost domestic manufacturing [2][3]. Industry Overview - The U.S. stock market is experiencing a shift with a growing interest in mid-cap stocks, which are expected to benefit from domestic revenue generation [2]. - Historically, mid-cap equities have outperformed both large-cap and small-cap stocks, although they have lagged behind large caps in the current year [3]. Hedge Fund Activity - Hedge funds are reportedly rotating out of large-cap stocks, with significant reductions in exposure to mega-cap stocks noted in Q3 2025 [4]. - Major hedge funds, such as Bridgewater Associates, have cut holdings in prominent stocks while increasing investments in mid-cap companies [4]. Methodology for Stock Selection - The article outlines a methodology for selecting high-growth mid-cap stocks, focusing on companies with market capitalizations between $2 billion and $10 billion and at least 30% revenue growth over five years [6]. Featured High-Growth Mid-Cap Stocks - **LifeStance Health Group, Inc. (NASDAQ:LFST)** - Market Capitalization: $2.82 billion - Revenue Growth (5Y): 36.75% - Analysts have raised price targets for LFST, indicating a positive outlook despite industry challenges [9][10][11][12]. - **Veracyte, Inc. (NASDAQ:VCYT)** - Market Capitalization: $3.29 billion - Revenue Growth (5Y): 34.46% - The company forecasts sales of $570 million to $582 million in 2026, exceeding consensus estimates [13][14][15]. - **Kinsale Capital Group, Inc. (NYSE:KNSL)** - Market Capitalization: $9.28 billion - Revenue Growth (5Y): 34.25% - Analysts have mixed views, with one firm initiating coverage with an Overweight rating while another lowered its price target due to anticipated near-term declines [16][17][18][19].

RICHMOND, Va.--(BUSINESS WIRE)--Kinsale Capital Group, Inc. (NYSE: KNSL) announced today that it will release financial results for the fourth quarter of 2025 after the market closes on Thursday, February 12, 2026. To access the conference call, dial (800) 715-9871, conference ID# 6520221, or via the Internet by going to www.kinsalecapitalgroup.com and clicking on the "Investor Relations†link. Please visit the website at least 15 minutes before the call to register and download any necessary audio software. ...

Core Viewpoint - Kinsale Capital (KNSL) is identified as a buy due to its status as a long-term quality compounder that consistently generates profits and is well-positioned in a growing Excess and Surplus (E&S) market [1] Company Analysis - Kinsale Capital demonstrates consistent profitability, which is a key factor in its investment appeal [1] - The company is strategically positioned to benefit from the growth in the E&S market, indicating potential for future expansion and revenue growth [1] Industry Context - The E&S market is experiencing growth, which bodes well for companies like Kinsale Capital that operate within this sector [1]

Company Performance - Kinsale Capital Group, Inc. (KNSL) closed at $391.12, reflecting a -1.14% change from the previous day, underperforming the S&P 500's daily loss of 0.74% [1] - Over the past month, KNSL shares have increased by 5.28%, while the Finance sector gained 2.1% and the S&P 500 rose by 0.79% [1] Upcoming Earnings - Analysts expect Kinsale Capital Group, Inc. to report earnings of $5.24 per share, indicating a year-over-year growth of 13.42% [2] - The consensus estimate for revenue is $471.37 million, which represents a 14.38% increase from the prior-year quarter [2] Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of $18.9 per share and revenue of $1.86 billion, reflecting changes of +17.68% and +17.25% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Kinsale Capital Group, Inc. are important as they often reflect shifting business dynamics, with positive revisions indicating analyst optimism [4] Zacks Rank and Valuation - Kinsale Capital Group, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection having moved 0.09% higher in the past 30 days [6] - The company is trading at a Forward P/E ratio of 20.93, which is a premium compared to the industry average Forward P/E of 11.51 [7] PEG Ratio - KNSL has a PEG ratio of 1.42, which is lower than the average PEG ratio of 1.67 for the Insurance - Property and Casualty industry [8] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and currently holds a Zacks Industry Rank of 45, placing it in the top 19% of over 250 industries [9]

Group 1 - The Conservative Income Portfolio focuses on value stocks with high margins of safety and utilizes well-priced options to reduce volatility [1] - The Enhanced Equity Income Solutions Portfolio aims to generate yields of 7-9% while minimizing volatility [1] - Kinsale Capital Group, Inc. specializes in property and casualty insurance for hard-to-place small business and personal lines risks [2] Group 2 - Trapping Value is a team with over 40 years of combined experience in generating options income and capital preservation [2] - The Conservative Income Portfolio is managed in partnership with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [2] - The Covered Calls Portfolio is designed for lower volatility income investing with a focus on capital preservation [2]

Core Viewpoint - Investors interested in Property and Casualty insurance stocks may find Axis Capital (AXS) to be a more attractive option compared to Kinsale Capital Group, Inc. (KNSL) due to its better valuation metrics and improving earnings outlook [1]. Valuation Metrics - Axis Capital has a forward P/E ratio of 8.62, significantly lower than Kinsale Capital's forward P/E of 21.00 [5]. - The PEG ratio for AXS is 1.06, while KNSL has a PEG ratio of 1.42, indicating AXS may offer better value relative to its expected earnings growth [5]. - AXS has a P/B ratio of 1.45 compared to KNSL's P/B of 4.95, further suggesting that AXS is undervalued [6]. Earnings Outlook - AXS currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while KNSL has a Zacks Rank of 3 (Hold) [3]. - The improving earnings outlook for AXS makes it a standout option in the Zacks Rank model [7]. Value Grades - Based on various valuation metrics, AXS holds a Value grade of B, whereas KNSL has a Value grade of C, reinforcing AXS's position as the superior value option [6].

Core Insights - A group of five growth stocks is highlighted as potential multibaggers for long-term investors, despite recent declines of 22% to 55% from their 52-week highs [1][2] Group 1: Rocket Lab USA - Rocket Lab USA has seen its sales increase nearly tenfold since its IPO in 2021, positioning it as the No. 3 player in the launch services industry [4][5] - The company is expected to launch its Neutron rocket in Q1 next year, which could enhance its competitive stance against larger peers like SpaceX [4] - The space industry is projected to grow from $630 billion in 2023 to $1.8 trillion by 2035, indicating significant growth potential for Rocket Lab, which has a current market cap of $28 billion [7] - Rocket Lab's gross margin stands at 28.93%, and shares are currently 20% below their high, making it an attractive investment opportunity [9] Group 2: Kinsale Capital - Kinsale Capital Group has delivered a 39% total return since its 2016 IPO, with a combined ratio of 77%, outperforming peers with an average of 92% [10][11] - The company focuses on small, hard-to-assess risks, which has allowed it to carve out a profitable niche, although its revenue growth slowed to 19% in the latest quarter due to increased pricing competition [12] - Kinsale's stock is down 24% due to this growth slowdown, presenting a potential buying opportunity [13] Group 3: MercadoLibre - MercadoLibre has transformed from $85 million in sales at its 2007 IPO to $26 billion today, making it a 70-bagger [14] - The company operates in a market where online buying penetration in Latin America is only half that of the U.S., indicating further growth potential [15] - MercadoLibre's logistics network supports its e-commerce and fintech operations, and the stock has dipped 23% from its July 2025 highs, making it a favorable buy [16] Group 4: SPS Commerce - SPS Commerce has delivered 18% annualized returns since 2010, with sales growing 26 times in value during that period [17] - The company has achieved 99 consecutive quarters of positive sales growth, although its growth rate has decelerated, leading to a 55% drop in stock price over the last year [18] Group 5: Dutch Bros - Dutch Bros has seen a 14% annual stock price increase since 2021 and aims to expand from 1,089 locations to 2,029 by 2029 [20] - The company plans to buy back shares using at least half of its free cash flow, marking a shift from previous reliance on issuing new shares [21][22] - Despite trading at 40 times cash from operations, the growth potential could make it a multibagger if expansion goals are met [23]