Kemper (NYSE:KMPR) Posts Earnings Results, Misses Estimates By $0.02 EPS

Kemper (NYSE:KMPR) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02), Briefing.com reports. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business posted ($1.02) earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis.

Kemper Price Performance

KMPR stock traded down $1.59 during trading on Thursday, hitting $56.90. The company had a trading volume of 360,835 shares, compared to its average volume of 444,856. The company has a fifty day moving average price of $58.47 and a two-hundred day moving average price of $52.32. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. The company has a market cap of $3.66 billion, a P/E ratio of -13.77 and a beta of 0.89. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $64.69.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, February 16th. Kemper’s payout ratio is presently -29.18%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group raised their target price on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 5th. TD Cowen assumed coverage on Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price on the stock. Raymond James raised their target price on Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Piper Sandler raised their target price on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a report on Monday, April 15th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kemper has an average rating of “Buy” and an average price target of $70.40.

Kemper Company Profile

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.