Kemper Corporation (KMPR) Declares Quarterly Dividend of $0.24
Kemper Corporation (NYSE:KMPR) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.24 per share by the insurance provider on Tuesday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, November 10th.
Kemper Corporation has a payout ratio of 73.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kemper Corporation to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 35.6%.
Kemper Corporation (NYSE:KMPR) last released its earnings results on Monday, October 30th. The insurance provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.57. Kemper Corporation had a net margin of 4.32% and a return on equity of 4.47%. The firm had revenue of $690.30 million during the quarter, compared to analyst estimates of $680.90 million. During the same quarter in the previous year, the business earned ($0.40) EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.
In other news, Director Susan D. Whiting purchased 1,000 shares of Kemper Corporation stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $49.06 per share, with a total value of $49,060.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $49,060. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.92% of the company’s stock.
A number of research firms have commented on KMPR. TheStreet raised shares of Kemper Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Kemper Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research lowered shares of Kemper Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. UBS AG raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.50.
Kemper Corporation Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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