Kemper (NYSE:KMPR) Issues Earnings Results, Beats Estimates By $0.32 EPS

Kemper (NYSE:KMPRGet Free Report) issued its quarterly earnings results on Wednesday. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.30 by $0.32, Briefing.com reports. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.44) EPS.

Kemper Price Performance

Shares of NYSE KMPR traded down $0.45 during trading hours on Thursday, reaching $63.71. 262,822 shares of the stock traded hands, compared to its average volume of 371,428. The company has a market capitalization of $4.10 billion, a P/E ratio of 84.89 and a beta of 0.85. Kemper has a 52-week low of $38.52 and a 52-week high of $67.50. The company’s 50-day simple moving average is $61.61 and its two-hundred day simple moving average is $60.55. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.52.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.31 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.24 annualized dividend and a yield of 1.95%. Kemper’s dividend payout ratio (DPR) is presently 158.98%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James boosted their price target on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Piper Sandler boosted their target price on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. UBS Group lifted their price objective 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. StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. 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’s stock. According to MarketBeat.com, Kemper has an average rating of “Buy” and a consensus target price of $76.20.

Read Our Latest Report on KMPR

About Kemper

(Get Free Report)

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.

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Earnings History for Kemper (NYSE:KMPR)

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