Kemper (NYSE:KMPR) Announces Earnings Results, Misses Expectations By $0.02 EPS

Kemper (NYSE:KMPR) released its earnings results on Wednesday. The insurance provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02), Briefing.com reports. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.02) EPS.

Kemper Stock Performance

KMPR stock traded down $1.59 during trading on Thursday, reaching $56.90. The stock had a trading volume of 360,835 shares, compared to its average volume of 444,856. Kemper has a 52 week low of $38.32 and a 52 week high of $64.69. The stock’s 50 day moving average is $58.47 and its two-hundred day moving average is $52.32. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. The firm has a market cap of $3.66 billion, a PE ratio of -13.77 and a beta of 0.89.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, February 16th. Kemper’s dividend payout ratio is -29.18%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a research report on Monday, April 15th. UBS Group boosted their price objective on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, February 5th. TD Cowen initiated coverage on Kemper in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price objective for the company. Raymond James upped their target price on Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Finally, Piper Sandler upped their target price on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kemper has a consensus rating of “Buy” and an average price target of $70.40.

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.