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

Kemper Corporation (NYSE:KMPR) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, August 21st will be given a dividend of 0.32 per share by the insurance provider on Friday, September 4th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, August 21st.

Kemper has increased its dividend by an average of 0.0%per year 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kemper to earn $4.32 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 29.6%.

Kemper Price Performance

Kemper stock opened at $29.16 on Thursday. Kemper has a 1 year low of $22.69 and a 1 year high of $54.90. The firm has a 50 day moving average price of $27.11 and a 200 day moving average price of $30.55. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 47.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The business’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. Sell-side analysts predict that Kemper will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

KMPR has been the topic of several analyst reports. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Piper Sandler dropped their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Finally, UBS Group cut their target price on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Kemper currently has a consensus rating of “Reduce” and an average target price of $44.00.

About Kemper

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.