Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In Q3 2023, small-cap stocks posted negative returns after a mostly positive first-half performance. Russell 2000 Growth Index declined 7.32%, significantly underperforming the Russell 2000 Value Index (down 2.97%). In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Small Cap Growth Fund highlighted stocks like Kinsale Capital Group, Inc. (NYSE:KNSL) in the third quarter 2023 investor letter. Headquartered in Richmond, Virginia, Kinsale Capital Group, Inc. (NYSE:KNSL) is a specialty insurance company. On October 26, 2023, Kinsale Capital Group, Inc. (NYSE:KNSL) stock closed at $426.22 per share. One-month return of Kinsale Capital Group, Inc. (NYSE:KNSL) was 1.69%, and its shares gained 56.69% of their value over the last 52 weeks. Kinsale Capital Group, Inc. (NYSE:KNSL) has a market capitalization of $9.872 billion.
Carillon Eagle Small Cap Growth Fund made the following comment about Kinsale Capital Group, Inc. (NYSE:KNSL) in its Q3 2023 investor letter:
“Kinsale Capital Group, Inc. (NYSE:KNSL) is a specialty insurance company focused on the excess and surplus (E&S) market, serving customers with specialized coverage needs not covered by standard coverage policies. The company’s quarterly results exceeded consensus estimates on the backdrop of rising demand for E&S services. Primary risks continue to migrate to the specialty market and pricing continues to be strong with notable premium growth during the reporting quarter. The company is positioned to benefit from the overall bullishness in the E&S market given its technology-driven cost advantages.”
A portrait of a professional insurance broker at their desk, reviewing a policy. Editorial photo for a financial news article. 8k. –ar 16:9
Kinsale Capital Group, Inc. (NYSE:KNSL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Kinsale Capital Group, Inc. (NYSE:KNSL) at the end of second quarter which was 17 in the previous quarter.
We discussed Kinsale Capital Group, Inc. (NYSE:KNSL) in another article and shared Baron Discovery Fund’s views on the company. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
