Kemper (NYSE:KMPR) Announces Earnings Results

Kemper (NYSE:KMPR) released its earnings results on Monday. The insurance provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.19 by $0.23, Briefing.com reports. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned ($0.26) EPS. The business’s revenue was down 10.5% on a year-over-year basis.

Kemper Price Performance

Shares of NYSE:KMPR traded up $1.80 during trading on Wednesday, hitting $59.66. 631,866 shares of the stock were exchanged, compared to its average volume of 401,227. Kemper has a 12-month low of $38.32 and a 12-month high of $65.93. The company has a market cap of $3.84 billion, a PE ratio of -31.29 and a beta of 0.89. The company has a fifty day moving average price of $60.35 and a two-hundred day moving average price of $59.36. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.54.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, August 19th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.08%. Kemper’s payout ratio is -65.26%.

Insider Buying and Selling

In other news, Director Gerald Laderman bought 5,000 shares of the stock in a transaction on Friday, May 10th. The shares were bought at an average price of $61.01 per share, with a total value of $305,050.00. Following the completion of the acquisition, the director now owns 16,700 shares of the company’s stock, valued at $1,018,867. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMPR. JMP Securities raised their price objective on shares of Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research report on Tuesday. Piper Sandler raised their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kemper has an average rating of “Buy” and a consensus target price of $74.00.

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.