Kemper Corporation Announces Quarterly Dividend of $0.32 (NYSE:KMPR)

Key Points

• Kemper Corporation has declared a quarterly dividend of $0.32 per share, to be paid on September 2nd, to stockholders of record on August 18th.
• The company's dividend payout ratio stands at 19.2%, suggesting that future earnings will adequately cover the dividend payments.
• During trading, Kemper's stock price increased by 1.2%, closing at $61.61, amidst active trading volume.

Kemper Corporation (NYSE:KMPR - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.32 per share by the insurance provider on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 18th.

Kemper has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kemper to earn $6.61 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.4%.

Kemper Trading Up 4.1%

Shares of NYSE:KMPR traded up $1.97 on Thursday, hitting $50.39. The company had a trading volume of 1,708,359 shares, compared to its average volume of 534,772. The firm's 50-day simple moving average is $62.29 and its two-hundred day simple moving average is $63.36. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.44 and a beta of 1.27. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32. Kemper has a 1 year low of $45.02 and a 1 year high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. Kemper had a return on equity of 14.55% and a net margin of 7.18%. Kemper's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 earnings per share. Equities analysts anticipate that Kemper will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jason N. Gorevic bought 2,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $49.14 per share, for a total transaction of $98,280.00. Following the purchase, the director owned 22,072 shares in the company, valued at approximately $1,084,618.08. The trade was a 9.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alberto J. Paracchini bought 500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the purchase, the director directly owned 10,323 shares in the company, valued at $637,032.33. This trade represents a 5.09% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 5,000 shares of company stock valued at $284,735 in the last 90 days. Company insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CSM Advisors LLC purchased a new stake in Kemper during the 2nd quarter valued at about $5,480,000. Campbell & CO Investment Adviser LLC raised its stake in Kemper by 254.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 56,075 shares of the insurance provider's stock valued at $3,619,000 after purchasing an additional 40,237 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Kemper by 137.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,571 shares of the insurance provider's stock worth $6,878,000 after acquiring an additional 61,629 shares during the last quarter. Bryce Point Capital LLC purchased a new stake in shares of Kemper in the second quarter valued at approximately $742,000. Finally, Versor Investments LP purchased a new position in shares of Kemper during the 2nd quarter worth $1,870,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Company Profile

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.