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

Kemper (NYSE:KMPR) released its earnings results on Wednesday. The insurance provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.02), Briefing.com reports. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted ($1.02) earnings per share. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year.

Kemper Price Performance

NYSE:KMPR traded up $0.59 during mid-day trading on Friday, reaching $58.98. 437,441 shares of the stock were exchanged, compared to its average volume of 459,637. The company has a current ratio of 0.21, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $58.50 and a 200 day moving average price of $52.46. Kemper has a 1-year low of $38.32 and a 1-year high of $64.69. The firm has a market capitalization of $3.80 billion, a PE ratio of -31.04 and a beta of 0.89.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, May 10th. Kemper’s dividend payout ratio (DPR) is presently -65.26%.

Analyst Upgrades and Downgrades

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