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

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Wednesday, November 12th. Shareholders of record on Friday, November 28th will be given a dividend of 0.17 per share by the financial services provider on Thursday, December 11th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 28th.

Kinsale Capital Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Kinsale Capital Group has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kinsale Capital Group to earn $21.03 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 3.2%.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $397.00 on Thursday. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.46 and a beta of 1.09. Kinsale Capital Group has a 12 month low of $382.89 and a 12 month high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $432.21 and a 200 day moving average price of $452.07.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The company had revenue of $497.51 million for the quarter, compared to analyst estimates of $446.00 million. During the same quarter last year, the firm earned $4.20 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Research analysts expect that Kinsale Capital Group will post 17.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Finally, TD Cowen decreased their price target on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $495.44.

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.