Kemper (NYSE:KMPR) Issues Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Kemper (NYSE:KMPR – Get Free Report) announced its earnings results on Monday. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.20, FiscalAI reports. Kemper had a negative net margin of 9.55% and a positive return on equity of 4.54%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion.

Kemper Trading Up 3.7%

NYSE KMPR opened at $34.39 on Wednesday. Kemper has a 1 year low of $22.69 and a 1 year high of $41.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $2.03 billion, a PE ratio of -4.79 and a beta of 1.06. The company has a fifty day moving average of $28.59 and a 200 day moving average of $29.60.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 16th. Kemper’s payout ratio is presently -15.24%.

Wall Street Analysts Forecast Growth

KMPR has been the topic of several analyst reports. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research report on Friday, October 30th. TD Cowen cut their target price on shares of Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, August 27th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Weiss Ratings restated a “sell (d)” rating on shares of Kemper in a report on Tuesday, November 3rd. Finally, UBS Group cut their target price on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Kemper presently has a consensus rating of “Reduce” and a consensus target price of $37.67.

View Our Latest Analysis on KMPR

Insiders Place Their Bets

In related news, CEO Stephen McAnena acquired 3,000 shares of Kemper stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $26.50 per share, for a total transaction of $79,500.00. Following the purchase, the chief executive officer owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. This represents a 10.74% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

About Kemper

(Get Free Report)

Kemper Corporation is an insurance holding company that provides property and casualty, life, and health insurance products in the United States. Its offerings include personal auto coverage, with a focus on drivers served by specialty insurance markets, as well as life and supplemental health policies. The company distributes insurance through independent agents and other channels. Its businesses include Kemper Auto and Kemper Life, serving individuals and families across the country. Kemper traces its roots to 1912, when Lumbermens Mutual Casualty Company was founded.

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Earnings History for Kemper (NYSE:KMPR)

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