Kemper Corporation Declares Quarterly Dividend of $0.32 (NYSE:KMPR)

Kemper Corporation (NYSE:KMPR) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 21st will be given a dividend of 0.32 per share by the insurance provider on Friday, September 4th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, August 21st.

Kemper has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Kemper has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kemper to earn $4.32 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 29.6%.

Kemper Stock Down 0.9%

KMPR opened at $29.16 on Thursday. The business’s fifty day moving average is $27.11 and its two-hundred day moving average is $30.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 47.03 and a beta of 1.04. Kemper has a one year low of $22.69 and a one year high of $54.90.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. Kemper’s revenue was down 10.8% compared to the same quarter last year. Analysts anticipate that Kemper will post 1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. UBS Group cut their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Kemper has an average rating of “Reduce” and a consensus target price of $44.00.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.