Kemper (NYSE:KMPR) Announces Quarterly Earnings Results

Kemper (NYSE:KMPR) announced its quarterly earnings data on Monday. The insurance provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted ($0.26) EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis.

Kemper Stock Up 3.1 %

NYSE KMPR traded up $1.80 during mid-day trading on Wednesday, reaching $59.67. The stock had a trading volume of 631,866 shares, compared to its average volume of 401,227. The stock has a market cap of $3.84 billion, a PE ratio of -31.29 and a beta of 0.89. Kemper has a 1 year low of $38.32 and a 1 year high of $65.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21. The company has a fifty day moving average price of $60.35 and a 200 day moving average price of $59.36.

Kemper Announces Dividend

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

Insider Buying and Selling at Kemper

In other Kemper news, Director Gerald Laderman bought 5,000 shares of Kemper stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $61.01 per share, with a total value of $305,050.00. Following the acquisition, the director now owns 16,700 shares in the company, valued at $1,018,867. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.20% of the company’s stock.

Analysts Set New Price Targets

KMPR has been the subject of a number of analyst reports. Piper Sandler increased their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday. JMP Securities raised their price target on shares of Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a report on Tuesday. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.