Kansas City Life Insurance (OTCMKTS:KCLI) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Kansas City Life Insurance shares recently surpassed their 200-day moving average of $31.81, trading as high as $34.50 before closing at $34.14.
• The company reported a quarterly earnings per share of $0.77 with a net margin of -7.77% and a negative return on equity of -0.31%.
• Kansas City Life Insurance announced a quarterly dividend of $0.14 per share, yielding 1.6%, despite a negative dividend payout ratio of -14.47%.

Kansas City Life Insurance Co. (OTCMKTS:KCLI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.81 and traded as high as $34.50. Kansas City Life Insurance shares last traded at $34.14, with a volume of 1,278 shares changing hands.

Kansas City Life Insurance Price Performance

The stock has a market cap of $329.12 million, a price-to-earnings ratio of -8.79 and a beta of 0.51. The business has a 50-day simple moving average of $32.67 and a two-hundred day simple moving average of $31.76.

Kansas City Life Insurance (OTCMKTS:KCLI - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The financial services provider reported $0.77 EPS for the quarter. Kansas City Life Insurance had a negative net margin of 7.77% and a negative return on equity of 0.31%. The firm had revenue of $122.30 million during the quarter.

Kansas City Life Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Thursday, August 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. Kansas City Life Insurance's dividend payout ratio is currently -14.47%.

About Kansas City Life Insurance

Kansas City Life Insurance Company provides insurance products and services in states and the District of Columbia. It operates through three segments: Individual Insurance, Group Insurance, and Old American. The Individual Insurance segment consists of individual insurance products for Kansas City life, Grange life, and the assumed reinsurance transactions.