Kemper Co. (KMPR) to Issue Quarterly Dividend of $0.32 on March 4th

Kemper Co. (NYSE:KMPR) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders 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 1.89%. The ex-dividend date is Tuesday, February 18th. This is a boost from Kemper’s previous quarterly dividend of $0.31.

Kemper has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kemper to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.7%.

Kemper Trading Down 0.5 %

Shares of Kemper stock opened at $67.58 on Friday. Kemper has a 12-month low of $54.11 and a 12-month high of $73.01. The stock has a market cap of $4.33 billion, a P/E ratio of 13.76 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $66.17 and its 200-day moving average is $64.61.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Equities research analysts predict that Kemper will post 5.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KMPR has been the topic of a number of recent analyst reports. Raymond James boosted their target price on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 26th. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Piper Sandler boosted their target price on Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, TD Cowen boosted their target price on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kemper presently has a consensus rating of “Buy” and an average target price of $81.60.

About Kemper

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.