Kinsale Capital Group Inc (KNSL) Plans Quarterly Dividend of $0.07

Kinsale Capital Group Inc (NASDAQ:KNSL) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.07 per share by the financial services provider on Thursday, March 15th. This represents a $0.28 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.06.

Shares of Kinsale Capital Group (NASDAQ KNSL) traded up $0.43 during trading hours on Tuesday, reaching $46.51. 31,124 shares of the company’s stock traded hands, compared to its average volume of 65,221. Kinsale Capital Group has a twelve month low of $28.67 and a twelve month high of $49.17. The stock has a market capitalization of $961.07, a P/E ratio of 38.08 and a beta of -0.13.

In other news, SVP Ann Marie Marson sold 7,500 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $43.00, for a total transaction of $322,500.00. Following the sale, the senior vice president now owns 105,334 shares in the company, valued at $4,529,362. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.20% of the company’s stock.

KNSL has been the topic of several analyst reports. Zacks Investment Research raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. BidaskClub upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, William Blair reiterated a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $47.33.

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About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.

Dividend History for Kinsale Capital Group (NASDAQ:KNSL)

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