Kemper Co. (KMPR) to Issue Quarterly Dividend of $0.32 on March 4th

Kemper Co. (NYSE:KMPR) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.32 per share by the insurance provider on Tuesday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, February 18th. This is an increase from Kemper’s previous quarterly dividend of $0.31.

Kemper has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kemper to earn $5.99 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 Price Performance

KMPR stock opened at $69.44 on Friday. The company has a 50 day simple moving average of $66.59 and a 200 day simple moving average of $64.46. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 16.53 and a beta of 0.88. Kemper has a 1 year low of $54.11 and a 1 year high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 5.86% and a return on equity of 12.03%. Research analysts anticipate that Kemper will post 5.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on KMPR shares. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. Raymond James lifted their target price on shares of Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Piper Sandler lifted their target price on shares of Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, TD Cowen lifted their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $81.60.

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.