Kemper (NYSE:KMPR) announced its earnings results on Monday. The insurance provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.14, MarketWatch Earnings reports. Kemper had a net margin of 6.63% and a return on equity of 9.56%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 67.8% on a year-over-year basis.
Shares of NYSE KMPR opened at $77.77 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $4.88 billion, a PE ratio of 47.42 and a beta of 1.15. Kemper has a 1 year low of $50.85 and a 1 year high of $87.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 15th. This is a boost from Kemper’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. Kemper’s dividend payout ratio is 58.54%.
Several hedge funds and other institutional investors have recently made changes to their positions in KMPR. Bank of New York Mellon Corp increased its stake in shares of Kemper by 17.4% in the second quarter. Bank of New York Mellon Corp now owns 1,201,787 shares of the insurance provider’s stock worth $90,916,000 after purchasing an additional 178,354 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Kemper by 13.7% in the third quarter. Cookson Peirce & Co. Inc. now owns 27,936 shares of the insurance provider’s stock worth $2,247,000 after purchasing an additional 3,360 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Kemper in the third quarter worth $105,000. Nisa Investment Advisors LLC increased its stake in shares of Kemper by 10.1% in the third quarter. Nisa Investment Advisors LLC now owns 89,557 shares of the insurance provider’s stock worth $7,205,000 after purchasing an additional 8,237 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Kemper by 26.5% in the third quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the insurance provider’s stock worth $1,344,000 after purchasing an additional 3,500 shares in the last quarter. 68.00% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on KMPR shares. Zacks Investment Research raised shares of Kemper from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. JMP Securities raised shares of Kemper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Keefe, Bruyette & Woods assumed coverage on shares of Kemper in a research note on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price objective for the company. Finally, Sandler O’Neill raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.50.
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Kemper Company Profile
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.
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