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

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Monday, May 11th. Investors 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 dividend yield of 0.3%. The ex-dividend date is Thursday, May 28th.

Kinsale Capital Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 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 Down 1.5%

Shares of Kinsale Capital Group stock opened at $300.20 on Tuesday. The firm has a market cap of $6.92 billion, a PE ratio of 13.21, a P/E/G ratio of 0.99 and a beta of 0.95. The business’s 50 day simple moving average is $346.85 and its 200 day simple moving average is $376.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group has a 52-week low of $293.78 and a 52-week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same period last year, the business earned $3.71 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Kinsale Capital Group will post 20.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the transaction, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kinsale Capital Group

Several hedge funds have recently added to or reduced their stakes in KNSL. Vident Advisory LLC raised its position in shares of Kinsale Capital Group by 2.9% in the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 23 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Kinsale Capital Group by 3.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 28 shares during the period. Smartleaf Asset Management LLC lifted its position in Kinsale Capital Group by 20.9% during the second quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 28 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Kinsale Capital Group by 39.0% during the fourth quarter. Signaturefd LLC now owns 107 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 30 shares during the period. Finally, CWM LLC grew its position in shares of Kinsale Capital Group by 5.3% in the fourth quarter. CWM LLC now owns 592 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.