Kemper (NYSE:KMPR) Announces Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Kemper (NYSE:KMPR) announced its earnings results on Wednesday. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28, Briefing.com reports. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.44) EPS. Kemper’s revenue was down 1.7% compared to the same quarter last year.

Kemper Trading Up 0.3 %

NYSE KMPR opened at $62.43 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper has a 1-year low of $38.52 and a 1-year high of $67.60. The firm’s fifty day simple moving average is $61.62 and its 200-day simple moving average is $60.62. The company has a market capitalization of $4.00 billion, a PE ratio of 14.86 and a beta of 0.85.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.24 dividend on an annualized basis and a yield of 1.99%. Kemper’s payout ratio is 29.52%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com downgraded Kemper from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. Raymond James boosted their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. JMP Securities restated a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. Piper Sandler boosted their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, UBS Group increased their target price on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $76.20.

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.