Kemper (NYSE:KMPR) Releases Earnings Results, Beats Estimates By $0.20 EPS

Kemper (NYSE:KMPR) released its quarterly earnings data on Monday. The insurance provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.20, FiscalAI reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.

Kemper Price Performance

Kemper stock opened at $33.14 on Tuesday. The stock’s 50 day moving average is $28.47 and its 200 day moving average is $29.63. Kemper has a one year low of $22.69 and a one year high of $41.74. The firm has a market cap of $1.95 billion, a P/E ratio of -3.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, November 16th. Kemper’s payout ratio is currently -15.24%.

Insiders Place Their Bets

In other news, CEO Stephen McAnena purchased 3,000 shares of the stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $79,500.00. Following the acquisition, the chief executive officer owned 30,945 shares in the company, valued at $820,042.50. This trade represents a 10.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMPR. TD Cowen lowered their target price on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, August 27th. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Friday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Kemper in a report on Tuesday, November 3rd. UBS Group reduced their price target on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kemper has an average rating of “Reduce” and an average price target of $37.67.

Kemper Company Profile

Kemper Corporation is an insurance holding company that provides property and casualty, life, and health insurance products in the United States. Its offerings include personal auto coverage, with a focus on drivers served by specialty insurance markets, as well as life and supplemental health policies.

The company distributes insurance through independent agents and other channels. Its businesses include Kemper Auto and Kemper Life, serving individuals and families across the country.

Kemper traces its roots to 1912, when Lumbermens Mutual Casualty Company was founded.