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

Kinsale Capital Group, Inc. (NYSE:KNSL) announced a quarterly dividend on Wednesday, November 12th. Stockholders of record on Friday, November 28th will be given a dividend of 0.17 per share by the financial services provider on Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th.

Kinsale Capital Group has raised its dividend 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 3.3% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:KNSL opened at $397.00 on Thursday. The business’s 50-day simple moving average is $432.21 and its 200 day simple moving average is $452.07. The company has a market cap of $9.24 billion, a P/E ratio of 19.50, a PEG ratio of 1.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group has a one year low of $382.89 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The firm had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. During the same quarter in the prior year, the business earned $4.20 EPS. Kinsale Capital Group’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts forecast that Kinsale Capital Group will post 17.72 earnings per share for the current fiscal year.

Institutional Trading of Kinsale Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in Kinsale Capital Group by 0.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,292 shares of the financial services provider’s stock valued at $7,779,000 after purchasing an additional 80 shares during the period. Diversify Advisory Services LLC increased its position in Kinsale Capital Group by 58.3% in the third quarter. Diversify Advisory Services LLC now owns 2,825 shares of the financial services provider’s stock worth $1,097,000 after buying an additional 1,040 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Kinsale Capital Group in the third quarter valued at $1,225,000. Blair William & Co. IL boosted its stake in Kinsale Capital Group by 1.2% during the 3rd quarter. Blair William & Co. IL now owns 39,363 shares of the financial services provider’s stock valued at $16,739,000 after purchasing an additional 449 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Kinsale Capital Group by 11.3% during the third quarter. First Trust Advisors LP now owns 51,147 shares of the financial services provider’s stock worth $21,751,000 after buying an additional 5,188 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.