Kemper Co. (NYSE:KMPR) to Issue Quarterly Dividend of $0.32

Kemper Co. (NYSE:KMPR) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Tuesday, February 18th will be paid 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 dividend yield of 1.87%. This is a boost from Kemper’s previous quarterly dividend of $0.31.

Kemper has a dividend payout ratio of 19.6% meaning 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 Trading Up 3.8 %

Shares of KMPR traded up $2.52 during trading hours on Wednesday, hitting $68.52. The stock had a trading volume of 684,304 shares, compared to its average volume of 330,902. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $4.39 billion, a P/E ratio of 16.31 and a beta of 0.88. The company’s fifty day simple moving average is $66.67 and its 200 day simple moving average is $64.39. Kemper has a 12-month low of $54.11 and a 12-month high of $73.01.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMPR. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. Raymond James lifted their target price on Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 26th. TD Cowen lifted their target price on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $80.40.

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.