Kinsale Capital Group, Inc. (KNSL) to Issue Quarterly Dividend of $0.25 on June 11th

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Thursday, May 28th will be given a dividend of 0.25 per share by the financial services provider on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, May 28th.

Kinsale Capital Group has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Kinsale Capital Group has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kinsale Capital Group to earn $21.99 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 4.5%.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $303.23 on Wednesday. Kinsale Capital Group has a 12-month low of $293.78 and a 12-month high of $512.76. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $345.12 and its two-hundred day moving average price is $375.28. The stock has a market cap of $6.99 billion, a PE ratio of 13.35, a P/E/G ratio of 0.97 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the previous year, the business posted $3.71 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts expect that Kinsale Capital Group will post 20.58 earnings per share for the current fiscal year.

Insider Activity at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the transaction, the chief executive officer directly owned 308,048 shares of the company’s stock, valued at $93,233,807.68. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinsale Capital Group

A number of hedge funds have recently added to or reduced their stakes in the business. Bamco Inc. NY increased its holdings in Kinsale Capital Group by 1.4% in the third quarter. Bamco Inc. NY now owns 1,788,590 shares of the financial services provider’s stock worth $760,616,000 after purchasing an additional 24,796 shares in the last quarter. Capital World Investors increased its holdings in Kinsale Capital Group by 117.4% in the fourth quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock worth $386,366,000 after purchasing an additional 533,499 shares in the last quarter. First Manhattan CO. LLC. increased its holdings in Kinsale Capital Group by 19.6% in the fourth quarter. First Manhattan CO. LLC. now owns 614,647 shares of the financial services provider’s stock worth $240,401,000 after purchasing an additional 100,600 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new stake in Kinsale Capital Group in the fourth quarter worth approximately $229,653,000. Finally, DAVENPORT & Co LLC increased its holdings in Kinsale Capital Group by 1.9% in the fourth quarter. DAVENPORT & Co LLC now owns 530,043 shares of the financial services provider’s stock worth $208,443,000 after purchasing an additional 10,137 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

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.