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

Kemper (NYSE:KMPR) released its quarterly earnings data on Monday. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.20, FiscalAI reports. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion.

Kemper Stock Performance

NYSE:KMPR traded down $0.25 during trading hours on Monday, reaching $33.14. The company had a trading volume of 969,206 shares, compared to its average volume of 995,411. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper has a 52 week low of $22.69 and a 52 week high of $41.74. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -3.94 and a beta of 1.06. The firm’s 50 day moving average price is $28.37 and its 200-day moving average price is $29.65.

Kemper Dividend Announcement

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

Insider Activity at Kemper

In other news, Director Gerald Laderman purchased 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $26.49 per share, with a total value of $105,960.00. Following the acquisition, the director directly owned 33,365 shares of the company’s stock, valued at $883,838.85. This represents a 13.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bradley Camden purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the purchase, the chief financial officer owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 9,000 shares of company stock valued at $238,330 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMPR. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. TD Cowen lowered their price target on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. UBS Group dropped their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average 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.