Jacobson & Schmitt Advisors reported the purchase of 6,661 Kinsale Capital Group (KNSL +1.55%) shares in a January 20 SEC filing, an estimated $2.72 million trade based on quarterly average pricing.
What happened
According to a January 20 SEC filing, Jacobson & Schmitt Advisors, LLC increased its position in Kinsale Capital Group (KNSL +1.55%) by 6,661 shares during the fourth quarter. The estimated transaction value was approximately $2.72 million, based on the average closing price for the quarter. As of December 31, the position was valued at $16.78 million, up $1.37 million from the prior quarter, reflecting both the share addition and price change.
What else to know
The Kinsale Capital Group stake accounted for 2.82% of the fund’s 13F reportable AUM after the trade.
Top holdings after the filing:
- NASDAQ: IUSB: $36.26 million (6.1% of AUM)
- NYSE: APH: $33.36 million (5.6% of AUM)
- NASDAQ: AMZN: $29.88 million (5.0% of AUM)
- NASDAQ: FSV: $22.55 million (3.8% of AUM)
- NASDAQ: MBB: $21.81 million (3.7% of AUM)
As of January 20, shares of Kinsale Capital Group were priced at $405.12, down 7.6% over the prior year and underperforming the S&P 500 by about 20 percentage points
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $1.80 billion |
| Net income (TTM) | $474.09 million |
| Dividend yield | 0.17% |
| Price (as of market close 1/20/26) | $405.12 |
Company snapshot
- Kinsale Capital Group offers specialty property and casualty insurance products, including commercial lines such as construction, small business, excess and general casualty, commercial property, and various liability coverages.
- The firm generates revenue through underwriting insurance policies and managing risk.
- It serves a diverse base of commercial clients across all 50 U.S. states, Puerto Rico, the U.S. Virgin Islands, and the District of Columbia, primarily via a network of independent insurance brokers.
Kinsale Capital Group is a specialty insurer with a national footprint and a focus on complex, hard-to-place risks. The company leverages deep underwriting expertise and a disciplined approach to risk selection to drive profitable growth. Its broker-driven distribution model and emphasis on niche markets provide a competitive edge in the property and casualty insurance sector.
What this transaction means for investors
At under 3% of reported assets, this addition fits neatly alongside a portfolio already anchored by diversified ETFs, mega-cap tech, and steady compounders, suggesting this is a quality tilt rather than a thematic swing. What makes the move notable, however, is the underlying business consistency at a time when many insurers are struggling to defend margins.
The company’s latest quarter underscored why disciplined specialty underwriting still works. Net income climbed to $141.6 million, or $6.09 per diluted share, up 24% year over year, and underwriting income reached $105.7 million. Meanwhile, gross written premiums grew 8.4% to $486.3 million, even as competition weighed on certain property lines. The company also repurchased $20 million worth of shares.
Shares have lagged the broader market over the past year, but fundamentals have not seemingly followed the same script. For long-term investors, this looks like a calculated allocation to a high-ROE insurer that continues to generate capital internally, repurchase shares, and compound book value without stretching for growth.
