Kemper Corp (NYSE:KMPR) Receives Average Rating of “Buy” from Brokerages

Shares of Kemper Corp (NYSE:KMPR) have been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.00.

A number of analysts recently weighed in on KMPR shares. Piper Sandler decreased their price target on shares of Kemper from $85.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Raymond James lowered their target price on Kemper from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research note on Friday, April 24th. JMP Securities dropped their target price on Kemper from $95.00 to $90.00 and set a “market outperform” rating on the stock in a report on Thursday, April 16th. ValuEngine cut Kemper from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Finally, Zacks Investment Research raised shares of Kemper from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Saturday, June 13th.

KMPR traded down $2.12 on Friday, reaching $69.84. 631,271 shares of the company’s stock were exchanged, compared to its average volume of 377,819. Kemper has a twelve month low of $53.81 and a twelve month high of $91.34. The company’s 50 day moving average is $65.88 and its 200-day moving average is $71.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 9.90 and a beta of 0.63.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.35. Kemper had a net margin of 8.74% and a return on equity of 12.74%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. Kemper’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Kemper will post 6.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, May 15th. Kemper’s payout ratio is 19.14%.

A number of hedge funds have recently bought and sold shares of the business. Natural Investments LLC bought a new position in Kemper during the 1st quarter valued at $162,958,000. Norges Bank acquired a new stake in shares of Kemper in the 4th quarter valued at about $62,929,000. Thrivent Financial for Lutherans raised its stake in shares of Kemper by 257.1% in the 1st quarter. Thrivent Financial for Lutherans now owns 868,421 shares of the insurance provider’s stock valued at $64,585,000 after purchasing an additional 625,248 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Kemper by 141.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,047,887 shares of the insurance provider’s stock worth $81,212,000 after purchasing an additional 614,664 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in Kemper in the first quarter worth about $37,195,000. Institutional investors own 70.85% of the company’s stock.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.

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Analyst Recommendations for Kemper (NYSE:KMPR)

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