Kemper Co. (NYSE:KMPR) Announces $0.31 Quarterly Dividend
Kemper Co. (NYSE:KMPR – Get Rating) declared 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 dividend yield of 2.49%. The ex-dividend date is Friday, May 13th.
Kemper has raised its dividend payment by an average of 8.9% per year over the last three years and has increased its dividend annually for the last 3 years. Kemper has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Equities 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%.
Kemper stock opened at $49.81 on Friday. The company has a 50-day moving average price of $53.21 and a 200 day moving average price of $56.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 0.22. Kemper has a 12-month low of $45.64 and a 12-month high of $80.78.
Kemper (NYSE:KMPR – Get Rating) last released its earnings results on Monday, May 2nd. The insurance provider reported ($0.94) earnings per share for the quarter, topping the consensus estimate of ($1.17) by $0.23. Kemper had a negative return on equity of 9.23% and a negative net margin of 5.79%. During the same quarter in the prior year, the firm earned $1.31 EPS. On average, equities research analysts expect that Kemper will post -0.54 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. Raymond James cut Kemper from an “outperform” rating to a “market performer” rating in a research report on Tuesday, February 1st. Credit Suisse Group assumed coverage on Kemper in a research report on Thursday, April 28th. They set an “underperform” rating and a $44.00 price objective for the company. Zacks Investment Research cut Kemper from a “buy” rating to a “hold” rating in a research report on Friday. Finally, StockNews.com assumed coverage on Kemper in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.50.
In other Kemper news, Director George N. Cochran acquired 1,000 shares of Kemper stock in a transaction that occurred on Monday, February 14th. The stock was bought at an average cost of $50.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Comerica Bank lifted its holdings in Kemper by 12.6% in the 4th quarter. Comerica Bank now owns 53,527 shares of the insurance provider’s stock worth $3,236,000 after purchasing an additional 5,985 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Kemper by 5.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 138,382 shares of the insurance provider’s stock valued at $8,135,000 after purchasing an additional 7,399 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of 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 purchasing an additional 214 shares during the last quarter. Allstate Corp increased its position in shares of 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 purchasing an additional 3,401 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted 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 acquiring an additional 979 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
About Kemper (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.
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