Kinsale Capital Group Inc Announces Quarterly Dividend of $0.07 (KNSL)
Kinsale Capital Group Inc (NASDAQ:KNSL) announced a quarterly dividend on Tuesday, August 14th, NASDAQ reports. Stockholders of record on Friday, August 31st will be paid a dividend of 0.07 per share by the financial services provider on Friday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, August 30th.
Shares of NASDAQ:KNSL traded up $0.42 during trading on Friday, reaching $60.32. The company had a trading volume of 55,843 shares, compared to its average volume of 84,009. The firm has a market cap of $1.27 billion, a P/E ratio of 48.26 and a beta of 0.20. Kinsale Capital Group has a twelve month low of $34.70 and a twelve month high of $63.38.
Kinsale Capital Group (NASDAQ:KNSL) last issued its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $54.95 million during the quarter, compared to analyst estimates of $53.63 million. Kinsale Capital Group had a return on equity of 12.59% and a net margin of 13.52%. equities analysts forecast that Kinsale Capital Group will post 1.87 earnings per share for the current fiscal year.
KNSL has been the topic of a number of research reports. ValuEngine upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub downgraded shares of Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. TheStreet upgraded shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a report on Friday, July 27th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $65.00 target price on shares of Kinsale Capital Group in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Kinsale Capital Group currently has a consensus rating of “Buy” and a consensus target price of $61.33.
About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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