Kinsale Capital Group, Inc. (NYSE:KNSL) Declares Quarterly Dividend of $0.25

Kinsale Capital Group, Inc. (NYSE:KNSL) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 30th will be given a dividend of $0.25 per share by the financial services provider on Monday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, November 30th.

Kinsale Capital Group has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 2 years. Kinsale Capital Group has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kinsale Capital Group to earn $21.81 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 4.6%.

Kinsale Capital Group Stock Down 1.2%

Shares of NYSE KNSL opened at $393.09 on Thursday. The company has a 50 day simple moving average of $359.59 and a 200-day simple moving average of $351.78. The company has a market capitalization of $8.85 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.07 and a quick ratio of 0.07. Kinsale Capital Group has a 1 year low of $287.20 and a 1 year high of $421.90.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $5.70 EPS for the quarter, beating the consensus estimate of $5.11 by $0.59. Kinsale Capital Group had a net margin of 26.89% and a return on equity of 25.73%. The firm had revenue of $454.80 million for the quarter, compared to analyst estimates of $401.43 million. During the same quarter in the previous year, the company earned $5.21 EPS. On average, equities research analysts predict that Kinsale Capital Group will post 21.98 earnings per share for the current year.

Wall Street Analyst Weigh In

KNSL has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on Kinsale Capital Group from $375.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, October 26th. Weiss Ratings raised Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. BMO Capital Markets reaffirmed an “underperform” rating on shares of Kinsale Capital Group in a research note on Thursday, October 29th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Finally, Cantor Fitzgerald raised their price objective on Kinsale Capital Group from $264.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $352.88.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc. is a specialty insurance company focused on the excess and surplus lines market. Through its insurance subsidiaries, the company provides coverage for commercial risks that may be difficult to place in the standard insurance market. Its products include commercial property and casualty insurance, along with specialty coverages such as professional liability, excess liability, inland marine, and environmental insurance. Kinsale serves businesses and insurance brokers across the United States.