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

Kemper (NYSE:KMPR - Get Free Report) released 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 analyst estimates of $1.01 billion. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The business's quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.02) EPS.

Kemper Stock Performance

Shares of NYSE KMPR traded down $0.13 during mid-day trading on Thursday, reaching $58.36. 862,286 shares of the company's stock were exchanged, compared to its average volume of 451,107. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of -13.77 and a beta of 0.89. The firm has a 50-day moving average price of $58.47 and a two-hundred day moving average price of $52.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.20 and a quick ratio of 0.20. Kemper has a 52 week low of $38.32 and a 52 week high of $64.69.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 16th. Kemper's dividend payout ratio is presently -29.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. TD Cowen started coverage on Kemper in a report on Wednesday, January 10th. They set an "outperform" rating and a $70.00 price objective for the company. Piper Sandler increased their price target on Kemper from $66.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. JMP Securities restated a "market outperform" rating and set a $75.00 price objective on shares of Kemper in a research note on Monday, April 15th. Raymond James upped their target price on shares of Kemper from $60.00 to $70.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 26th. Finally, UBS Group raised their price target on shares of Kemper from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, February 5th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kemper has a consensus rating of "Buy" and an average target price 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.