Kinsale Capital Group, Inc. (KNSL) to Issue Quarterly Dividend of $0.25 on June 11th

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Thursday, May 28th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 28th.

Kinsale Capital Group has raised 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 payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kinsale Capital Group to earn $21.98 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 4.5%.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $310.59 on Tuesday. The firm has a market capitalization of $7.16 billion, a PE ratio of 13.67, a PEG ratio of 1.00 and a beta of 0.95. The company’s 50-day moving average is $333.74 and its 200-day moving average is $368.94. Kinsale Capital Group has a fifty-two week low of $293.78 and a fifty-two week high of $512.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.41. The company had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.71 earnings per share. Equities analysts forecast that Kinsale Capital Group will post 20.58 EPS for the current 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.