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

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

Kemper Price Performance

KMPR traded down $1.91 during midday trading on Thursday, reaching $56.58. 284,108 shares of the company’s stock were exchanged, compared to its average volume of 443,861. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $58.47 and a two-hundred day simple moving average of $52.32. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of -13.77 and a beta of 0.89. Kemper has a one year low of $38.32 and a one year high of $64.69.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a $0.31 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. Kemper’s payout ratio is currently -29.18%.

Wall Street Analyst Weigh In

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