Kemper (NYSE:KMPR) Announces Quarterly Earnings Results, Beats Estimates By $0.40 EPS

Kemper (NYSE:KMPR) announced its earnings results on Wednesday. The insurance provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.40, Zacks reports. Kemper had a net margin of 5.86% and a return on equity of 12.03%.

Kemper Stock Performance

Shares of KMPR stock traded down $0.64 during mid-day trading on Friday, hitting $68.86. The stock had a trading volume of 168,988 shares, compared to its average volume of 344,845. The company’s 50-day simple moving average is $66.59 and its 200-day simple moving average is $64.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market cap of $4.41 billion, a PE ratio of 16.42 and a beta of 0.88. Kemper has a fifty-two week low of $54.11 and a fifty-two week high of $73.01.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a yield of 1.86%. This is a boost from Kemper’s previous quarterly dividend of $0.31. Kemper’s dividend payout ratio is currently 29.52%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMPR. TD Cowen lifted their price objective on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. Raymond James boosted their target price on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 26th. Finally, Piper Sandler boosted their target price on shares of Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kemper presently has an average rating of “Buy” and a consensus target price of $81.60.

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.