Kemper Co. (NYSE:KMPR) Declares $0.31 Quarterly Dividend

Kemper Co. (NYSE:KMPR) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.31 per share by the insurance provider on Wednesday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, November 18th.

Kemper has increased its dividend payment by an average of 1.1% per year over the last three years. Kemper has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kemper to earn $5.98 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 20.7%.

Kemper Stock Up 3.2 %

Shares of NYSE:KMPR opened at $67.83 on Friday. Kemper has a 1-year low of $38.52 and a 1-year high of $68.12. 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 stock has a market cap of $4.34 billion, a P/E ratio of 16.15 and a beta of 0.85. The firm has a fifty day moving average price of $61.92 and a 200 day moving average price of $60.89.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. Sell-side analysts predict that Kemper will post 5.17 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Raymond James raised their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. Piper Sandler boosted their price target on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, UBS Group raised their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $76.20.

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.