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

Kemper Corporation (NYSE:KMPR) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.32 per share by the insurance provider on Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, February 17th.

Kemper has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Kemper has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 14.4%

NYSE:KMPR opened at $32.97 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $1.93 billion, a PE ratio of 8.15 and a beta of 1.14. The company has a 50-day moving average of $39.76 and a 200 day moving average of $46.41. Kemper has a 1-year low of $32.09 and a 1-year high of $72.25.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.60). Kemper had a return on equity of 11.48% and a net margin of 5.13%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $1.78 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that Kemper will post 6.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMPR shares. Citigroup lowered shares of Kemper to a “market perform” rating in a report on Thursday. Citizens Jmp lowered Kemper from an “outperform” rating to a “market perform” rating in a research report on Thursday. Piper Sandler reduced their price target on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. Raymond James Financial downgraded shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Kemper has an average rating of “Reduce” and a consensus target price of $56.67.

Kemper Company Profile

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.