Kemper Corporation (NYSE:KMPR – Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, May 18th will be paid a dividend of 0.32 per share by the insurance provider on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, May 18th.
Kemper has increased its dividend by an average of 0.0%per year over the last three years and has increased 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 research analysts expect Kemper to earn $4.80 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 26.7%.
Kemper Stock Down 1.7%
Shares of NYSE KMPR opened at $29.64 on Friday. The firm has a market cap of $1.74 billion, a PE ratio of 47.80 and a beta of 1.16. Kemper has a 12-month low of $27.74 and a 12-month high of $65.32. The company’s fifty day simple moving average is $31.23 and its 200 day simple moving average is $35.83. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on KMPR shares. Citigroup lowered shares of Kemper to a “market perform” rating in a research note on Thursday, February 5th. Piper Sandler dropped their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. UBS Group dropped their price objective on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday. Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $51.75.
Read Our Latest Report on KMPR
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.
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