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

Kemper Co. (NYSE:KMPR) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be paid 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 2.05%. 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 payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kemper to earn $5.31 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 23.4%.

Kemper Stock Down 0.2 %

Kemper stock opened at $60.35 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.89 billion, a P/E ratio of -31.76 and a beta of 0.89. The firm has a 50 day moving average price of $58.60 and a 200-day moving average price of $52.81. Kemper has a twelve month low of $38.32 and a twelve month high of $64.69.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.02) earnings per share. As a group, equities analysts predict that Kemper will post 4.5 EPS for the current year.

Analyst Upgrades and Downgrades

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