Press coverage about Kinsale Capital Group (NASDAQ:KNSL) has been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kinsale Capital Group earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.2663951258122 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have weighed in on the stock. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Kinsale Capital Group in a report on Monday, May 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 target price on shares of Kinsale Capital Group in a report on Sunday, August 6th. Finally, Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $39.00.
Shares of Kinsale Capital Group (KNSL) traded down 0.81% during midday trading on Friday, hitting $36.93. 105,995 shares of the stock traded hands. The firm has a 50-day moving average price of $38.27 and a 200-day moving average price of $34.57. The stock has a market capitalization of $774.35 million and a P/E ratio of 58.16. Kinsale Capital Group has a 52 week low of $19.02 and a 52 week high of $45.69.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. Kinsale Capital Group’s payout ratio is presently 19.20%.
Kinsale Capital Group Company Profile
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.
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