Kemper Co. (NYSE:KMPR) Announces Dividend Increase – $0.32 Per Share

Kemper Co. (NYSE:KMPR) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.32 per share by the insurance provider on Tuesday, March 4th. This represents a $1.28 annualized dividend 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. 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 Stock Performance

KMPR opened at $67.58 on Friday. The firm has a market cap of $4.33 billion, a P/E ratio of 13.76 and a beta of 0.88. Kemper has a 52-week low of $54.11 and a 52-week high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.27. The business’s fifty 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 for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Sell-side analysts expect that Kemper will post 5.95 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Kemper Company Profile

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.