Kemper (NYSE:KMPR) Issues Earnings Results

Kemper (NYSE:KMPR) posted its earnings results on Wednesday. The insurance provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02), Briefing.com reports. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted ($1.02) EPS. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year.

Kemper Trading Down 3.3 %

NYSE KMPR traded down $1.91 during mid-day trading on Thursday, reaching $56.58. 284,108 shares of the stock were exchanged, compared to its average volume of 443,861. The stock has a market cap of $3.64 billion, a P/E ratio of -13.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a 50 day simple moving average of $58.47 and a 200-day simple moving average of $52.32. Kemper has a one year low of $38.32 and a one year high of $64.69.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, February 16th. Kemper’s dividend payout ratio is presently -29.18%.

Analyst Ratings Changes

KMPR has been the topic of several analyst reports. UBS Group increased their target price on Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Raymond James increased their price objective on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. TD Cowen initiated coverage on shares of Kemper in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price for the company. Piper Sandler lifted their price objective on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a report on Monday, April 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $70.40.

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.