Kinsale Capital Group Inc (KNSL) Increases Dividend to $0.07 Per Share
Kinsale Capital Group Inc (NASDAQ:KNSL) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.07 per share by the financial services provider on Thursday, March 15th. This represents a $0.28 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.06.
Shares of Kinsale Capital Group (NASDAQ KNSL) opened at $46.51 on Wednesday. Kinsale Capital Group has a one year low of $28.67 and a one year high of $49.17. The stock has a market cap of $969.06, a PE ratio of 38.44 and a beta of -0.13.
Several equities research analysts recently issued reports on the stock. William Blair reiterated a “hold” rating on shares of Kinsale Capital Group in a research note on Friday, February 2nd. BidaskClub upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, December 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $47.33.
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Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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