Kinsale Capital Group Inc (KNSL) to Distribute Quarterly Dividend of $0.07 on December 14th

Kinsale Capital Group Inc (NASDAQ:KNSL) declared a quarterly dividend on Friday, November 16th, Wall Street Journal reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.07 per share by the financial services provider on Friday, December 14th. This represents a $0.28 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, November 29th.

NASDAQ:KNSL opened at $60.45 on Friday. Kinsale Capital Group has a 12 month low of $41.49 and a 12 month high of $64.97. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 48.36 and a beta of 0.63.

Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. The company had revenue of $60.14 million for the quarter, compared to analyst estimates of $57.62 million. As a group, equities research analysts anticipate that Kinsale Capital Group will post 1.82 EPS for the current fiscal year.

KNSL has been the topic of several research reports. Zacks Investment Research lowered Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub raised Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 4th. TheStreet raised Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price objective on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $61.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.33.

In other news, SVP William J. Jr. Kenney sold 13,750 shares of Kinsale Capital Group stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $61.48, for a total transaction of $845,350.00. Following the sale, the senior vice president now directly owns 18,414 shares of the company’s stock, valued at $1,132,092.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Kehoe sold 10,000 shares of Kinsale Capital Group stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $59.24, for a total value of $592,400.00. Following the sale, the chief executive officer now directly owns 352,339 shares in the company, valued at $20,872,562.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,750 shares of company stock worth $1,921,690. Corporate insiders own 8.20% of the company’s stock.

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About Kinsale Capital Group

Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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Dividend History for Kinsale Capital Group (NASDAQ:KNSL)

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