Kinsale Capital Group, Inc. (KNSL) to Issue Quarterly Dividend of $0.17 on March 13th

Kinsale Capital Group, Inc. (NYSE:KNSL) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Stockholders of record on Thursday, February 27th will be given a dividend of 0.17 per share by the financial services provider on Thursday, March 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15.

Kinsale Capital Group has increased its dividend payment by an average of 10.9% per year over the last three years. Kinsale Capital Group has a dividend payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kinsale Capital Group to earn $18.15 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 3.3%.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $476.78 on Thursday. The business has a 50 day moving average price of $461.71 and a 200 day moving average price of $465.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $11.10 billion, a P/E ratio of 27.18, a PEG ratio of 1.82 and a beta of 1.15. Kinsale Capital Group has a 1-year low of $355.12 and a 1-year high of $548.47.

Insider Buying and Selling

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a report on Monday, October 28th. BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada lowered their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Morgan Stanley initiated coverage on Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $468.89.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.