Kemper Corporation (NYSE:KMPR) Shareholders to Collect $0.32 Quarterly Dividend

Kemper Corporation (NYSE:KMPR) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.32 per share by the insurance provider on Wednesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 16th.

Kemper has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kemper to earn $4.02 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 31.8%.

Kemper Stock Performance

KMPR opened at $35.34 on Friday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -4.21 and a beta of 1.06. The company has a fifty day moving average of $28.25 and a 200 day moving average of $29.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper has a fifty-two week low of $22.69 and a fifty-two week high of $41.74.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s revenue was down 10.8% on a year-over-year basis. As a group, sell-side analysts forecast that Kemper will post 2.10 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Stephen McAnena acquired 3,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the purchase, the chief executive officer owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. This represents a 10.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Evans purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the purchase, the executive vice president owned 91,629 shares in the company, valued at approximately $2,430,917.37. The trade was a 1.10% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 14,000 shares of company stock valued at $367,880. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Kemper

Several hedge funds have recently bought and sold shares of KMPR. BlackRock Inc. purchased a new stake in Kemper in the 2nd quarter worth $227,331,000. Walleye Capital LLC acquired a new stake in Kemper in the 2nd quarter valued at about $21,709,000. Bank of America Corp DE purchased a new position in Kemper during the second quarter worth approximately $20,800,000. Bank of New York Mellon Corp purchased a new position in shares of Kemper during the 2nd quarter worth $13,896,000. Finally, Lakewood Capital Management LP purchased a new position in Kemper during the second quarter worth about $9,250,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Kemper

Kemper Corporation (NYSE: KMPR) is an insurance holding company that provides property and casualty insurance products to individuals, families and businesses in the United States. Its operations focus primarily on personal and commercial automobile insurance, along with related coverage designed for customers in specialty and preferred insurance markets.

The company offers products that may include nonstandard and standard auto insurance, homeowners and renters insurance, and other personal insurance solutions.