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

Kinsale Capital Group, Inc. (NYSE:KNSL) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 0.13%. The ex-dividend date is Friday, November 29th.

Kinsale Capital Group has raised its dividend payment by an average of 15.9% annually over the last three years. Kinsale Capital Group has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.8 %

Shares of NYSE:KNSL traded down $8.64 during mid-day trading on Friday, hitting $465.14. The company 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 capitalization of $10.83 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The firm has a fifty day moving average price of $458.27 and a 200 day moving average price of $427.89. Kinsale Capital Group has a one year low of $325.01 and a one year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 earnings per share. As a group, research analysts forecast that Kinsale Capital Group will post 15.52 EPS for the current year.

Analysts Set New Price Targets

KNSL has been the subject of several recent research reports. Truist Financial decreased their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 28th. 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 report on Monday, October 28th. JPMorgan Chase & Co. reduced their target price 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. Jefferies Financial Group lifted their price target 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. Finally, Royal Bank of Canada decreased their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.