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

Kemper Corporation (NYSE:KMPR) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, May 18th will be given a dividend of 0.32 per share by the insurance provider on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, May 18th.

Kemper has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Kemper has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kemper to earn $5.22 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 24.5%.

Kemper Price Performance

Kemper stock opened at $32.75 on Thursday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 14.95 and a beta of 1.16. Kemper has a 1 year low of $28.41 and a 1 year high of $66.13. The business has a 50-day moving average of $31.49 and a 200-day moving average of $36.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.60). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Kemper had a return on equity of 8.02% and a net margin of 2.99%.Kemper’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 earnings per share. On average, equities analysts anticipate that Kemper will post 3.96 EPS for the current year.

Hedge Funds Weigh In On Kemper

A number of large investors have recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in Kemper during the 1st quarter worth approximately $669,000. Maryland State Retirement & Pension System acquired a new position in Kemper during the 1st quarter worth approximately $349,000. Principal Financial Group Inc. boosted its position in Kemper by 125.8% during the 1st quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock worth $8,693,000 after acquiring an additional 158,488 shares during the last quarter. Fifth Third Bancorp boosted its position in Kemper by 7,146.0% during the 1st quarter. Fifth Third Bancorp now owns 51,229 shares of the insurance provider’s stock worth $1,566,000 after acquiring an additional 50,522 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Kemper by 29.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,559 shares of the insurance provider’s stock worth $384,000 after acquiring an additional 2,838 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.