Kemper Co. (NYSE:KMPR) Announces Quarterly Dividend of $0.31

Kemper Co. (NYSE:KMPR) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Monday, November 18th will be given a dividend of 0.31 per share by the insurance provider on Wednesday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, November 18th.

Kemper has raised its dividend payment by an average of 1.1% per year over the last three years. Kemper has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kemper to earn $5.98 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 20.7%.

Kemper Stock Up 0.8 %

KMPR opened at $71.24 on Friday. The firm has a 50 day moving average price of $62.70 and a 200 day moving average price of $61.30. The company has a market cap of $4.56 billion, a PE ratio of 16.96 and a beta of 0.85. Kemper has a 1 year low of $40.93 and a 1 year high of $71.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned ($0.44) earnings per share. Kemper’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts expect that Kemper will post 5.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMPR. Raymond James increased their price objective on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. Piper Sandler increased their price objective on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group raised their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $76.20.

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.