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

Key Points

• Kinsale Capital Group declared a quarterly dividend of $0.25 per share, payable September 14 to shareholders of record on August 28. The dividend equates to $1.00 annually and a 0.3% yield.
• The dividend appears well covered, with a payout ratio of 4.9%; analysts expect next year’s earnings to support an estimated payout ratio of 4.7%. Kinsale has raised its dividend for two consecutive years.
• Kinsale’s latest quarterly results exceeded expectations, with EPS of $5.54 versus the $5.11 consensus and revenue of $548.52 million, up 16.8% year over year.

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Friday, August 28th will be given a dividend of 0.25 per share by the financial services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th.

Kinsale Capital Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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. Analysts expect Kinsale Capital Group to earn $21.49 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 4.7%.

Kinsale Capital Group Stock Down 0.2%

Shares of Kinsale Capital Group stock opened at $373.96 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group has a 1 year low of $287.20 and a 1 year high of $485.00. The firm's 50-day moving average is $336.68 and its two-hundred day moving average is $346.13. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.18 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating analysts' consensus estimates of $5.11 by $0.43. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The business had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter last year, the firm posted $4.78 EPS. The company's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts expect that Kinsale Capital Group will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Company Profile

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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