Kemper (NYSE:KMPR) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Kemper (NYSE:KMPR) released its quarterly earnings results on Wednesday. The insurance provider reported $1.07 earnings per share (EPS) 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 the consensus estimate of $1.01 billion. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. Kemper’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.02) EPS.

Kemper Stock Performance

KMPR traded down $1.87 on Thursday, hitting $56.62. The company’s stock had a trading volume of 304,757 shares, compared to its average volume of 444,238. The company’s 50 day simple moving average is $58.47 and its 200-day simple moving average is $52.32. The firm has a market cap of $3.64 billion, a P/E ratio of -13.77 and a beta of 0.89. Kemper has a 12 month low of $38.32 and a 12 month high of $64.69. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.55.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.19%. The ex-dividend date was Friday, February 16th. Kemper’s dividend payout ratio (DPR) is presently -29.18%.

Analysts Set New Price Targets

KMPR has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $75.00 price objective on shares of Kemper in a research report on Monday, April 15th. Piper Sandler raised their price objective on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. TD Cowen started coverage on shares of Kemper in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price objective on the stock. UBS Group upped their price objective on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Raymond James upped their price objective on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. One research 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 company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $70.40.

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.