Kinsale Capital Group, Inc. (KNSL) To Go Ex-Dividend on August 28th

Kinsale Capital Group, Inc. (NYSE:KNSL) declared 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) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th.

Kinsale Capital Group has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Kinsale Capital Group has a payout ratio of 4.9% indicating that 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 1.8%

Shares of Kinsale Capital Group stock opened at $388.56 on Wednesday. Kinsale Capital Group has a twelve month low of $287.20 and a twelve month high of $485.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $349.91 and its 200 day moving average is $345.11. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.25 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $445.13 million. During the same quarter last year, the company posted $4.78 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Research analysts anticipate that Kinsale Capital Group will post 21.1 EPS for the current year.

Insider Activity at Kinsale Capital Group

In related news, CAO Christopher R. Tangard bought 330 shares of the company’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of $304.00 per share, with a total value of $100,320.00. Following the transaction, the chief accounting officer owned 380 shares in the company, valued at approximately $115,520. This trade represents a 660.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Isthmus Partners LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth about $8,110,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $229,653,000. Stephens Investment Management Group LLC grew its stake in shares of Kinsale Capital Group by 37.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider’s stock valued at $81,382,000 after buying an additional 56,916 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Kinsale Capital Group by 9.6% in the fourth quarter. Handelsbanken Fonder AB now owns 57,000 shares of the financial services provider’s stock valued at $22,294,000 after buying an additional 5,000 shares in the last quarter. Finally, Cumberland Partners Ltd acquired a new position in Kinsale Capital Group during the 4th quarter worth approximately $2,347,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Kinsale Capital Group

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.