Kemper Corporation Plans Quarterly Dividend of $0.32 (NYSE:KMPR)

Kemper Corporation (NYSE:KMPR) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Monday, November 17th will be given a dividend of 0.32 per share by the insurance provider on Wednesday, December 3rd. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, November 17th.

Kemper has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Kemper has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kemper to earn $6.61 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.4%.

Kemper Price Performance

Shares of NYSE KMPR traded up $0.39 during mid-day trading on Friday, reaching $38.29. 901,892 shares of the company traded hands, compared to its average volume of 701,447. Kemper has a fifty-two week low of $33.91 and a fifty-two week high of $73.01. The firm has a market cap of $2.24 billion, a PE ratio of 7.21 and a beta of 1.23. The stock has a fifty day simple moving average of $47.84 and a 200-day simple moving average of $55.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.21.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.00). Kemper had a net margin of 7.18% and a return on equity of 14.39%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.62 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Kemper will post 6.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KMPR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a report on Thursday. Cowen reiterated a “buy” rating on shares of Kemper in a report on Thursday, August 7th. Raymond James Financial cut shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a report on Wednesday, October 15th. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, JMP Securities reduced their price objective on Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.50.

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.