Kemper Corporation to Issue Quarterly Dividend of $0.32 (NYSE:KMPR)

Kemper Corporation (NYSE:KMPR) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, May 18th will be given a dividend of 0.32 per share by the insurance provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, May 18th.

Kemper has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Kemper has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kemper to earn $5.22 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 24.5%.

Kemper Trading Down 0.4%

KMPR opened at $32.75 on Thursday. The stock has a market cap of $1.93 billion, a PE ratio of 14.95 and a beta of 1.16. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $31.49 and a 200-day moving average of $36.65. Kemper has a 52 week low of $28.41 and a 52 week high of $66.13.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Kemper had a net margin of 2.99% and a return on equity of 8.02%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 EPS. Equities research analysts predict that Kemper will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KMPR has been the subject of a number of recent research reports. Weiss Ratings cut Kemper from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 17th. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup cut Kemper to a “market perform” rating in a research note on Thursday, February 5th. Finally, UBS Group lowered their price objective on Kemper from $56.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $54.50.

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.