Kinsale Capital Group, Inc. (KNSL) To Go Ex-Dividend on May 31st

Kinsale Capital Group, Inc. (NYSE:KNSLGet Free Report) announced a quarterly dividend on Wednesday, May 15th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.15 per share by the financial services provider on Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Friday, May 31st.

Kinsale Capital Group has raised its dividend payment by an average of 15.9% annually over the last three years and has increased its dividend every year for the last 7 years.

Kinsale Capital Group Trading Up 0.3 %

Shares of KNSL stock opened at $383.70 on Friday. Kinsale Capital Group has a 1 year low of $297.33 and a 1 year high of $548.47. The firm has a fifty day moving average price of $456.53 and a 200-day moving average price of $411.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 25.50 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The firm had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. During the same quarter in the previous year, the firm posted $2.44 EPS. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, equities analysts predict that Kinsale Capital Group will post 15.07 earnings per share for the current year.

Insider Activity

In other news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total value of $1,389,321.72. Following the sale, the chief operating officer now directly owns 95,850 shares of the company’s stock, valued at approximately $35,247,879. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at $159,199,255.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,778 shares of company stock worth $4,532,422. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KNSL shares. Truist Financial dropped their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a report on Monday, April 29th. BMO Capital Markets dropped their target price on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Compass Point dropped their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus target price of $438.43.

Read Our Latest Stock Analysis on KNSL

Kinsale Capital Group Company Profile

(Get Free Report)

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.

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Dividend History for Kinsale Capital Group (NYSE:KNSL)

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