Kinsale Capital Group, Inc. (NYSE:KNSL) Announces $0.15 Quarterly Dividend

Kinsale Capital Group, Inc. (NYSE:KNSL) announced a quarterly dividend on Friday, August 16th, Wall Street Journal reports. Stockholders of record on Thursday, August 29th will be paid a dividend of 0.15 per share by the financial services provider on Thursday, September 12th. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Thursday, August 29th.

Kinsale Capital Group has increased its dividend payment by an average of 15.9% annually over the last three years. Kinsale Capital Group has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Kinsale Capital Group to earn $18.06 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 3.3%.

Kinsale Capital Group Stock Up 0.1 %

Shares of KNSL traded up $0.60 during mid-day trading on Friday, hitting $483.48. The company’s stock had a trading volume of 80,270 shares, compared to its average volume of 186,297. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.96 and a beta of 1.06. The company’s 50-day moving average is $407.34 and its 200-day moving average is $432.40. Kinsale Capital Group has a 52-week low of $325.01 and a 52-week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping the consensus estimate of $3.52 by $0.23. The firm had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. Kinsale Capital Group’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 EPS. On average, equities research analysts forecast that Kinsale Capital Group will post 15.23 EPS for the current fiscal year.

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Truist Financial upped their price objective on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Compass Point dropped their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $443.38.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.