Kemper (NYSE:KMPR) Releases Quarterly Earnings Results

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

Kemper Price Performance

Shares of NYSE:KMPR traded down $1.87 during trading on Thursday, reaching $56.62. The stock had a trading volume of 304,757 shares, compared to its average volume of 444,238. Kemper has a 52 week low of $38.32 and a 52 week high of $64.69. The business’s 50-day moving average price is $58.47 and its 200 day moving average price is $52.32. 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 market capitalization of $3.64 billion, a PE ratio of -13.77 and a beta of 0.89.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid 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 of this dividend was Friday, February 16th. Kemper’s dividend payout ratio is -29.18%.

Analysts Set New Price Targets

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

Kemper Company Profile

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.