Why One Fund Is Betting $17 Million on This Specialty Insurer

Company Overview - Kinsale Capital Group specializes in property and casualty insurance products, focusing on commercial lines such as construction, small business, excess and general casualty, commercial property, and various liability coverages [5] - The company operates as a specialty insurer with a national footprint, emphasizing complex, hard-to-place risks and leveraging deep underwriting expertise for profitable growth [8] - Kinsale generates revenue through underwriting insurance policies and managing risk, serving a diverse base of commercial clients across all 50 U.S. states, Puerto Rico, the U.S. Virgin Islands, and the District of Columbia [9] Financial Performance - For the trailing twelve months (TTM), Kinsale reported revenue of $1.80 billion and a net income of $474.09 million [4] - As of January 20, the company's share price was $405.12, reflecting a 7.6% decline over the prior year and underperforming the S&P 500 by approximately 20 percentage points [4] Recent Investment Activity - Jacobson & Schmitt Advisors increased its position in Kinsale Capital Group by purchasing 6,661 shares during the fourth quarter, with an estimated transaction value of $2.72 million based on quarterly average pricing [2][3][6] - Following this trade, the fund's total stake in Kinsale was valued at $16.78 million, an increase of $1.37 million from the previous quarter, attributed to both the additional shares and price movement [3][6] - The Kinsale Capital Group stake represented 2.82% of Jacobson & Schmitt Advisors' 13F reportable assets under management (AUM) after the trade [4]