Kemper (NYSE:KMPR) Releases Earnings Results, Beats Estimates By $0.20 EPS

Key Points

• Kemper beat quarterly earnings estimates, reporting EPS of $1.01 versus the $0.81 consensus and revenue of $1.09 billion versus expectations of $1.07 billion.
• The company declared a quarterly dividend of $0.32 per share, equivalent to an annualized yield of about 3.9%.
• Shares slipped 0.8% after results; analysts’ consensus rating is “Reduce,” with a $37.67 average price target.

Kemper (NYSE:KMPR - Get Free Report) issued its quarterly earnings results on Monday. The insurance provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.20, FiscalAI reports. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.

Kemper Stock Down 0.8%

Kemper stock traded down $0.25 during trading hours on Monday, hitting $33.14. The company had a trading volume of 969,204 shares, compared to its average volume of 993,330. The firm has a market capitalization of $1.95 billion, a P/E ratio of -3.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The firm's fifty day moving average is $28.37 and its 200-day moving average is $29.65. Kemper has a fifty-two week low of $22.69 and a fifty-two week high of $41.74.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, November 16th. Kemper's dividend payout ratio is currently -15.24%.

Insider Activity at Kemper

In related news, Director Gerald Laderman purchased 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the acquisition, the director directly owned 33,365 shares in the company, valued at approximately $883,838.85. The trade was a 13.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen J. Mcanena purchased 3,000 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the purchase, the chief executive officer directly owned 30,945 shares of the company's stock, valued at $820,042.50. The trade was a 10.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 9,000 shares of company stock worth $238,330 in the last quarter. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on KMPR shares. UBS Group reduced their price objective on shares of Kemper from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of Kemper from a "strong sell" rating to a "hold" rating in a research report on Friday, October 30th. TD Cowen dropped their target price on shares of Kemper from $81.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of Kemper from a "sell" rating to a "hold" rating in a report on Sunday, September 27th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Kemper in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Kemper has a consensus rating of "Reduce" and a consensus price target of $37.67.

About Kemper

Kemper Corporation NYSE: KMPR is an insurance holding company that provides property and casualty insurance products to individuals, families and businesses in the United States. Its operations focus primarily on personal and commercial automobile insurance, along with related coverage designed for customers in specialty and preferred insurance markets.

The company offers products that may include nonstandard and standard auto insurance, homeowners and renters insurance, and other personal insurance solutions.

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