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

Key Points

• Kinsale Capital Group, Inc. announced a quarterly dividend of $0.17 per share, set to be paid to investors of record on August 29th.
• The company's dividend payout ratio stands at 3.3%, indicating it is well-covered by earnings, with expected future earnings of $21.03 per share.
• Kinsale Capital's stock reached $446.09 following a 1.0% increase in trading, with analysts predicting a strong performance for the upcoming quarters.

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) declared a quarterly dividend on Monday, August 18th, RTT News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.17 per share by the financial services provider on Thursday, September 11th. This represents a c) annualized dividend and a yield of 0.1%.

Kinsale Capital Group has a payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Kinsale Capital Group stock traded down $4.8520 during trading hours on Friday, hitting $454.2080. 110,420 shares of the stock traded hands, compared to its average volume of 206,581. The firm's 50 day moving average price is $466.15 and its 200-day moving average price is $462.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.67 and a beta of 1.12. Kinsale Capital Group has a 1 year low of $405.00 and a 1 year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company's revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.75 earnings per share. As a group, equities analysts expect that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Analyst Ratings Changes

KNSL has been the topic of a number of research reports. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Compass Point increased their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Truist Financial increased their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $505.80.

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.