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

Kinsale Capital Group, Inc. (NYSE:KNSL – Get Free Report) announced a quarterly dividend on Monday, May 11th. Investors of record on Thursday, May 28th will be given a dividend of 0.25 per share by the financial services provider on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, May 28th.

Kinsale Capital Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Kinsale Capital Group has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kinsale Capital Group to earn $21.99 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 4.5%.

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Kinsale Capital Group Price Performance

KNSL stock opened at $300.20 on Tuesday. Kinsale Capital Group has a 1 year low of $293.78 and a 1 year high of $512.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The stock’s 50 day moving average price is $346.85 and its 200 day moving average price is $376.34. The firm has a market cap of $6.92 billion, a P/E ratio of 13.21, a PEG ratio of 0.99 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.41. The company had revenue of $466.71 million during the quarter, compared to the consensus estimate of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.Kinsale Capital Group’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.71 EPS. On average, sell-side analysts expect that Kinsale Capital Group will post 20.58 earnings per share for the current fiscal year.

About Kinsale Capital Group

(Get Free Report)

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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