Kinsale Capital Group Inc (KNSL) To Go Ex-Dividend on November 27th

Kinsale Capital Group Inc (NASDAQ:KNSL) announced a quarterly dividend on Wednesday, November 13th, Fidelity reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.08 per share by the financial services provider on Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, November 27th.

Shares of KNSL traded up $2.22 during mid-day trading on Monday, reaching $97.49. 2,907 shares of the stock traded hands, compared to its average volume of 445,396. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 54.24 and a beta of 0.49. The stock has a fifty day simple moving average of $99.86 and a 200 day simple moving average of $94.12. Kinsale Capital Group has a 12-month low of $50.34 and a 12-month high of $108.28. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.03.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data on Friday, November 1st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $78.33 million for the quarter, compared to analysts’ expectations of $76.24 million. Kinsale Capital Group had a net margin of 17.83% and a return on equity of 15.68%. On average, equities research analysts expect that Kinsale Capital Group will post 2.4 earnings per share for the current fiscal year.

In other news, Director Frederick L. Jr. Russell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $102.28, for a total transaction of $306,840.00. Following the completion of the sale, the director now owns 1,170 shares of the company’s stock, valued at $119,667.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Kehoe sold 10,000 shares of Kinsale Capital Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $96.60, for a total transaction of $966,000.00. Following the completion of the transaction, the chief executive officer now directly owns 357,711 shares of the company’s stock, valued at approximately $34,554,882.60. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock valued at $2,758,913 in the last three months. Corporate insiders own 8.30% of the company’s stock.

A number of research firms have recently issued reports on KNSL. UBS Group lifted their price objective on shares of Kinsale Capital Group to $112.00 and gave the company a “positive” rating in a research note on Thursday, September 26th. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. JMP Securities started coverage on shares of Kinsale Capital Group in a research report on Friday, September 6th. They set a “market perform” rating for the company. ValuEngine downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $100.00.

Kinsale Capital Group Company Profile

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 and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.

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Dividend History for Kinsale Capital Group (NASDAQ:KNSL)

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