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

Kemper Co. (NYSE:KMPR) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.31 per share by the insurance provider on Tuesday, May 28th. This represents a $1.24 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, May 10th.

Kemper has increased its dividend payment by an average of 1.1% per year over the last three years. Kemper has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kemper to earn $5.27 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 23.5%.

Kemper Stock Up 1.0 %

NYSE KMPR traded up $0.59 on Friday, reaching $58.98. The company had a trading volume of 437,441 shares, compared to its average volume of 450,947. The company’s fifty day moving average is $58.47 and its 200 day moving average is $52.37. Kemper has a 52-week low of $38.32 and a 52-week high of $64.69. The stock has a market capitalization of $3.79 billion, a P/E ratio of -30.91 and a beta of 0.89. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.55.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). Kemper had a negative net margin of 2.52% and a positive return on equity of 3.07%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned ($1.02) EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Sell-side analysts anticipate that Kemper will post 4.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KMPR has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, February 5th. TD Cowen assumed coverage on Kemper in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $75.00 price objective on shares of Kemper in a report on Monday, April 15th. Piper Sandler lifted their price objective on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Raymond James boosted their price target on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. One equities research 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.