Kemper (NYSE:KMPR) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Kemper (NYSE:KMPR) announced its quarterly earnings results on Monday. The insurance provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.81 by $0.20, FiscalAI reports. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%.

Kemper Stock Performance

KMPR stock traded down $0.25 during mid-day trading on Monday, reaching $33.14. 969,204 shares of the stock traded hands, compared to its average volume of 993,330. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper has a 52 week low of $22.69 and a 52 week high of $41.74. The business has a 50-day moving average of $28.37 and a two-hundred day moving average of $29.65. The firm has a market capitalization of $1.95 billion, a PE ratio of -3.94 and a beta of 1.06.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, November 16th. Kemper’s dividend payout ratio is -15.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KMPR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Kemper in a report on Tuesday, November 3rd. UBS Group lowered their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. TD Cowen cut their target price on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Finally, Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $37.67.

Insiders Place Their Bets

In other Kemper news, EVP Thomas Evans acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $26.53 per share, for a total transaction of $26,530.00. Following the completion of the purchase, the executive vice president owned 91,629 shares of the company’s stock, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bradley Camden acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the purchase, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This trade represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 9,000 shares of company stock valued at $238,330. 0.61% of the stock is owned by company insiders.

Kemper Company Profile

Kemper Corporation (NYSE: KMPR) is an insurance holding company that provides property and casualty insurance products to individuals, families and businesses in the United States. Its operations focus primarily on personal and commercial automobile insurance, along with related coverage designed for customers in specialty and preferred insurance markets.

The company offers products that may include nonstandard and standard auto insurance, homeowners and renters insurance, and other personal insurance solutions.