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

Kinsale Capital Group, Inc. (NYSE:KNSL) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, August 28th will be paid a dividend of 0.25 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend 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 raised 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 $21.49 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 Up 0.9%

Kinsale Capital Group stock opened at $376.78 on Friday. The company has a market capitalization of $8.58 billion, a PE ratio of 15.27, a PEG ratio of 1.18 and a beta of 0.89. Kinsale Capital Group has a 12-month low of $287.20 and a 12-month high of $485.00. The firm’s fifty day moving average is $338.31 and its 200 day moving average is $345.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $445.13 million. During the same period last year, the company posted $4.78 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts predict that Kinsale Capital Group will post 21.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on KNSL. Weiss Ratings cut Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 26th. Wells Fargo & Company increased their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank Of Canada decreased their price target on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Finally, Truist Financial lowered their price objective on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Reduce” and an average price target of $362.11.

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.