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

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.15 per share by the financial services provider on Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, November 29th.

Kinsale Capital Group has raised its dividend by an average of 15.9% per year over the last three years. Kinsale Capital Group has a payout ratio of 3.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kinsale Capital Group to earn $18.17 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 Performance

NYSE KNSL traded down $8.64 during trading hours on Friday, hitting $465.14. The company's stock had a trading volume of 70,187 shares, compared to its average volume of 173,882. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $10.83 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company's 50 day simple moving average is $458.27 and its two-hundred day simple moving average is $427.89. Kinsale Capital Group has a 12 month low of $325.01 and a 12 month high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million during the quarter, compared to analysts' expectations of $359.43 million. During the same quarter last year, the business posted $3.31 earnings per share. The firm's revenue was up 33.0% on a year-over-year basis. As a group, sell-side analysts expect that Kinsale Capital Group will post 15.52 EPS for the current fiscal year.

Analyst Ratings Changes

KNSL has been the subject of several research reports. Wolfe Research upgraded shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group upped their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Truist Financial reduced their price target on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and an average target price of $455.88.

Kinsale Capital Group Company Profile

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.

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