Kinsale Capital announces $0.17 per share dividend

RICHMOND - Kinsale Capital Group, Inc. (NYSE: NYSE:KNSL), a specialty insurance group with a market capitalization of $11.1 billion, has declared a quarterly cash dividend of $0.17 per share on its common stock. The dividend is scheduled to be paid on March 13, 2025, to shareholders of record at the close of business on February 27, 2025. According to InvestingPro data, the company has maintained and raised its dividend for nine consecutive years.

This announcement follows Kinsale Capital Group’s consistent practice of returning value to its shareholders through dividends. The company operates within the excess and surplus lines market, providing insurance coverage for risks that the standard insurance market is unwilling or unable to insure. With impressive revenue growth of 36% and a "GREAT" financial health score from InvestingPro, the company has demonstrated strong operational execution. Subscribers to InvestingPro gain access to over 10 additional exclusive insights and a comprehensive Pro Research Report for KNSL.

Kinsale Capital Group’s decision to issue dividends is often viewed as a sign of financial stability and profitability, reflecting the company’s ability to generate sufficient cash flow to share profits with investors. Trading at a P/E ratio of 27.1 and currently valued near its Fair Value according to InvestingPro analysis, dividends remain an essential component of the total return on investment for shareholders, supplementing potential capital gains from stock price increases.

The declaration of dividends is subject to various factors, including the company’s financial performance, future earnings, capital requirements, and overall financial condition. It is important for investors to note that while dividends can provide a steady income stream, they are not guaranteed and can be changed or canceled by the company’s board of directors at any time.

Investors interested in Kinsale Capital Group’s stock will mark the record date to ensure eligibility for the upcoming dividend payment. The stock will trade ex-dividend shortly before the record date, which typically results in a slight adjustment in the share price to reflect the forthcoming dividend payout.

The information in this article is based on a press release statement from Kinsale Capital Group, Inc.

In other recent news, Kinsale Capital’s financial performance and growth prospects have been the subject of numerous recent analyst reviews. Truist Securities revised its price target for Kinsale Capital to $480 from $580, despite maintaining a Buy rating on the stock. The adjustment was based on new data showing a slight improvement in growth compared to the third quarter. The firm also adjusted its growth estimate for Kinsale Capital’s fourth-quarter gross written premiums to 12% from the initially projected 18%.

Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage of Kinsale Capital with an Overweight rating and a price target of $593.00, citing the company’s potential to continue its expansion and maintain high levels of profitability. BMO Capital Markets also updated its outlook on Kinsale Capital, adjusting the insurer’s price target to $461 from the previous $445 while maintaining a Market Perform rating.

In terms of industry developments, JPMorgan analysts reported that the recent wildfires in Los Angeles could have financial implications for insurers, including Kinsale Capital. However, the analysis suggests that Progressive Corp (NYSE:PGR) could stand to gain from greater pricing discipline among mutual carriers due to minimal exposure to California homeowners’ insurance. These are some of the recent developments impacting Kinsale Capital and the broader insurance industry.

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