Kemper Co. Announces Quarterly Dividend of $0.31 (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.31 per share by the insurance provider on Tuesday, May 28th. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, May 10th.

Kemper has increased its dividend payment by an average of 1.1% annually over the last three years. Kemper has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kemper to earn $5.31 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 23.4%.

Kemper Price Performance

Shares of NYSE KMPR opened at $60.44 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21. Kemper has a 1 year low of $38.32 and a 1 year high of $64.69. The company’s 50-day moving average is $58.66 and its 200 day moving average is $52.86. The stock has a market capitalization of $3.89 billion, a P/E ratio of -31.81 and a beta of 0.89.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.02). Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted ($1.02) EPS. The firm’s revenue was down 11.7% on a year-over-year basis. On average, sell-side analysts expect that Kemper will post 4.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on KMPR. Piper Sandler increased their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. UBS Group raised their target price on shares of Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Raymond James upped their price target on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. TD Cowen assumed coverage on Kemper in a report on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price target for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a research report on Monday, April 15th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $70.40.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.