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

Kemper Co. (NYSE:KMPR) announced a quarterly dividend on Wednesday, May 7th, RTT News reports. Shareholders of record on Monday, May 19th will be given a dividend of 0.32 per share by the insurance provider on Tuesday, June 3rd. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Monday, May 19th.

Kemper has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Research 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 Up 1.5 %

NYSE:KMPR opened at $62.51 on Friday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 12.73 and a beta of 1.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper has a twelve month low of $53.57 and a twelve month high of $73.01. The stock’s 50 day moving average price is $62.36 and its two-hundred day moving average price is $65.27.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. Equities research analysts expect that Kemper will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler cut their price objective on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $79.40.

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.