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

Kemper Corporation (NYSE:KMPR) announced a quarterly dividend on Friday, January 1st. Investors of record on Monday, November 17th will be paid a dividend of 0.32 per share by the insurance provider on Wednesday, December 3rd. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, November 17th.

Kemper has raised its dividend by an average of 0.0%annually over the last three years and has raised 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. Analysts expect Kemper to earn $6.61 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 19.4%.

Kemper Stock Up 1.0%

Shares of KMPR traded up $0.39 during midday trading on Friday, reaching $38.29. 901,892 shares of the company were exchanged, compared to its average volume of 701,447. Kemper has a 1-year low of $33.91 and a 1-year high of $73.01. The stock has a 50-day moving average price of $47.84 and a 200-day moving average price of $55.92. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 7.21 and a beta of 1.23.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $1.33 by ($1.00). The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Kemper had a net margin of 7.18% and a return on equity of 14.39%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. Research analysts expect that Kemper will post 6.03 earnings per share for the current year.

Wall Street Analyst Weigh In

KMPR has been the subject of several analyst reports. Wall Street Zen downgraded shares of Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. JMP Securities decreased their price objective on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 6th. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a research note on Thursday. Finally, Piper Sandler lowered their price objective on Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Kemper presently has a consensus rating of “Hold” and an average price target of $63.50.

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.