Kinsale Capital Group, Inc. (KNSL) to Distribute Quarterly Dividend of $0.25 on December 14th

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.25 per share by the financial services provider on Monday, December 14th. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, November 30th.

Kinsale Capital Group has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Kinsale Capital Group to earn $21.81 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 4.6%.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $390.33 on Friday. Kinsale Capital Group has a 12 month low of $287.20 and a 12 month high of $421.90. The firm has a market capitalization of $8.79 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $359.85 and a two-hundred day simple moving average of $351.72.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.59. The firm had revenue of $454.80 million for the quarter, compared to the consensus estimate of $401.43 million. Kinsale Capital Group had a net margin of 26.89% and a return on equity of 25.73%. During the same period in the prior year, the firm earned $5.21 EPS. On average, equities analysts forecast that Kinsale Capital Group will post 21.98 earnings per share for the current fiscal year.

About Kinsale Capital Group

Kinsale Capital Group, Inc. is a specialty insurance company focused on the excess and surplus lines market. Through its insurance subsidiaries, the company provides coverage for commercial risks that may be difficult to place in the standard insurance market. Its products include commercial property and casualty insurance, along with specialty coverages such as professional liability, excess liability, inland marine, and environmental insurance. Kinsale serves businesses and insurance brokers across the United States.