Kemper Co. (NYSE:KMPR) Announces $0.31 Quarterly Dividend

Kemper Co. (NYSE:KMPRGet Rating) announced a quarterly dividend on Wednesday, May 4th, Zacks reports. Investors of record on Monday, May 16th will be given a dividend of 0.31 per share by the insurance provider on Tuesday, May 31st. This represents a $1.24 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, May 13th.

Kemper has raised its dividend by an average of 8.9% annually over the last three years and has raised its dividend every year for the last 3 years. Kemper has a dividend payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kemper to earn $4.17 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 29.7%.

Shares of KMPR stock opened at $49.81 on Friday. Kemper has a 12 month low of $45.64 and a 12 month high of $80.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 0.22. The company’s fifty day moving average price is $53.21 and its 200-day moving average price is $56.23.

Kemper (NYSE:KMPRGet Rating) last announced its earnings results on Monday, May 2nd. The insurance provider reported ($0.94) EPS for the quarter, beating analysts’ consensus estimates of ($1.17) by $0.23. Kemper had a negative net margin of 5.79% and a negative return on equity of 9.23%. During the same quarter in the previous year, the firm posted $1.31 EPS. As a group, research analysts expect that Kemper will post -0.54 earnings per share for the current year.

In other Kemper news, Director George N. Cochran purchased 1,000 shares of the company’s stock in a transaction on Monday, February 14th. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $50,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KMPR. Susquehanna International Group LLP raised its holdings in shares of Kemper by 47.6% during the 4th quarter. Susquehanna International Group LLP now owns 8,443 shares of the insurance provider’s stock worth $496,000 after acquiring an additional 2,722 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Kemper by 13.1% during the 4th quarter. Guggenheim Capital LLC now owns 9,621 shares of the insurance provider’s stock worth $566,000 after acquiring an additional 1,112 shares in the last quarter. Allstate Corp raised its holdings in Kemper by 52.8% during the 4th quarter. Allstate Corp now owns 9,848 shares of the insurance provider’s stock valued at $579,000 after buying an additional 3,401 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in Kemper by 10.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,709 shares of the insurance provider’s stock valued at $630,000 after buying an additional 979 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Kemper by 1.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 19,517 shares of the insurance provider’s stock valued at $1,204,000 after buying an additional 214 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

KMPR has been the subject of several recent analyst reports. StockNews.com assumed coverage on Kemper in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group initiated coverage on shares of Kemper in a research report on Thursday, April 28th. They set an “underperform” rating and a $44.00 price target for the company. Raymond James lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 1st. Finally, Zacks Investment Research downgraded Kemper from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.50.

Kemper Company Profile (Get Rating)

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

Further Reading

Dividend History for Kemper (NYSE:KMPR)

Receive News & Ratings for Kemper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper and related companies with MarketBeat.com's FREE daily email newsletter.