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

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) announced 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) dividend on an annualized basis and a yield of 0.2%.

Kinsale Capital Group has a dividend payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 1.0%

Kinsale Capital Group stock traded up $4.25 during trading on Monday, reaching $446.09. 180,810 shares of the company's stock were exchanged, compared to its average volume of 207,522. The company's 50-day moving average is $467.02 and its two-hundred day moving average is $463.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group has a 52-week low of $405.00 and a 52-week high of $531.79. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.62 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted 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 company had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.75 EPS. On average, analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current year.

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.

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