Kinsale Capital Group, Inc. (NYSE:KNSL) Shares to Pay Quarterly Dividend of $0.25

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Wednesday, November 11th. Investors 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 30th.

Kinsale Capital Group has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Kinsale Capital Group has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.2%

Kinsale Capital Group stock opened at $393.09 on Thursday. The company has a 50-day simple moving average of $359.59 and a 200-day simple moving average of $351.78. The firm has a market capitalization of $8.85 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.07 and a current ratio of 0.07. Kinsale Capital Group has a one year low of $287.20 and a one year high of $421.90.

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