Kemper Corporation (KMPR) To Go Ex-Dividend on May 18th

Kemper Corporation (NYSE:KMPR) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, May 18th will be given a dividend of 0.32 per share by the insurance provider on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, May 18th.

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 payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kemper to earn $5.22 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 24.5%.

Kemper Stock Performance

KMPR stock opened at $29.52 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of 47.60 and a beta of 1.16. The company has a 50-day simple moving average of $31.46 and a 200 day simple moving average of $36.52. Kemper has a fifty-two week low of $27.74 and a fifty-two week high of $66.13. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Kemper had a return on equity of 4.74% and a net margin of 0.89%.The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS. Sell-side analysts predict that Kemper will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMPR. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Piper Sandler reduced their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday. Wall Street Zen downgraded shares of Kemper from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. UBS Group decreased their target price on Kemper from $56.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Citigroup cut Kemper to a “market perform” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $52.75.

Kemper Company Profile

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.