Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Set to Pay Quarterly Dividend of $0.25

Key Points

• Kinsale Capital declared a $0.25 quarterly dividend, payable December 14 to shareholders of record November 30. The annualized dividend is $1.00 per share, yielding about 0.3%.
• The dividend appears well covered: the payout ratio is 4.9%, and analysts expect a 4.6% payout ratio based on next year’s projected earnings.
• Kinsale beat quarterly expectations, reporting EPS of $5.70 versus $5.11 forecast and revenue of $454.8 million versus $401.43 million expected.

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 30th will be given a dividend of $0.25 per share by the financial services provider on Monday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 30th.

Kinsale Capital Group has raised 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 payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kinsale Capital Group to earn $21.81 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 4.6%.

Kinsale Capital Group Stock Down 1.2%

NYSE KNSL opened at $393.09 on Thursday. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.21 and a beta of 0.81. Kinsale Capital Group has a 52 week low of $287.20 and a 52 week high of $421.90. The company has a fifty day moving average of $359.59 and a two-hundred day moving average of $351.78. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.59. The company had revenue of $454.80 million for the quarter, compared to analyst estimates of $401.43 million. Kinsale Capital Group had a return on equity of 25.73% and a net margin of 26.89%. During the same quarter in the previous year, the firm earned $5.21 earnings per share. On average, analysts predict that Kinsale Capital Group will post 21.98 earnings per share for the current year.

Institutional Trading of Kinsale Capital Group

Institutional investors have recently modified their holdings of the stock. MGO One Seven LLC increased its stake in Kinsale Capital Group by 2.7% during the 3rd quarter. MGO One Seven LLC now owns 1,113 shares of the financial services provider's stock worth $359,000 after buying an additional 29 shares in the last quarter. Inspire Investing LLC increased its position in shares of Kinsale Capital Group by 2.7% during the third quarter. Inspire Investing LLC now owns 1,315 shares of the financial services provider's stock worth $424,000 after purchasing an additional 35 shares in the last quarter. Signaturefd LLC increased its position in shares of Kinsale Capital Group by 56.5% during the third quarter. Signaturefd LLC now owns 108 shares of the financial services provider's stock worth $35,000 after purchasing an additional 39 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Kinsale Capital Group by 4.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 950 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 42 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Kinsale Capital Group by 3.6% in the 1st quarter. Sanctuary Advisors LLC now owns 1,361 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc. is a specialty insurance company focused on the excess and surplus lines market. Through its insurance subsidiaries, the company provides coverage for commercial risks that may be difficult to place in the standard insurance market. Its products include commercial property and casualty insurance, along with specialty coverages such as professional liability, excess liability, inland marine, and environmental insurance. Kinsale serves businesses and insurance brokers across the United States.

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