Kinsale Capital Group, Inc. (NYSE:KNSL) Announces Quarterly Dividend of $0.17

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Investors of record on Thursday, February 27th will be given a dividend of 0.17 per share by the financial services provider on Thursday, March 13th. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date is Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15.

Kinsale Capital Group has raised its dividend payment by an average of 10.9% annually over the last three years. Kinsale Capital Group has a dividend payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kinsale Capital Group to earn $18.15 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 Trading Down 7.7 %

NYSE KNSL traded down $37.34 on Friday, hitting $449.77. 821,618 shares of the company were exchanged, compared to its average volume of 173,716. The firm has a market capitalization of $10.47 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. Kinsale Capital Group has a twelve month low of $355.12 and a twelve month high of $548.47. 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's 50 day moving average price is $459.56 and its 200-day moving average price is $465.81.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Analysts predict that Kinsale Capital Group will post 15.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now owns 447 shares of the company's stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,235 shares of company stock worth $3,618,954. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday. Royal Bank of Canada cut their target price on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research note on Monday, October 28th. BMO Capital Markets upped their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley lowered their target price on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $460.78.

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.