Analysts Set Kemper Corporation (NYSE:KMPR) PT at $56.67

Kemper Corporation (NYSE:KMPR) has earned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $56.6667.

KMPR has been the topic of a number of recent research reports. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Raymond James Financial cut shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research report on Wednesday, October 15th. Piper Sandler decreased their price objective on Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a research note on Monday.

Kemper Stock Up 0.8%

KMPR stock opened at $41.19 on Wednesday. The stock’s 50 day simple moving average is $42.79 and its 200 day simple moving average is $52.72. The company has a market cap of $2.41 billion, a P/E ratio of 10.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.19 and a current ratio of 0.19. Kemper has a fifty-two week low of $33.91 and a fifty-two week high of $72.25.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $1.33 by ($1.00). Kemper had a net margin of 5.13% and a return on equity of 11.48%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Kemper will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 17th. Kemper’s dividend payout ratio is presently 33.42%.

Institutional Trading of Kemper

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Kemper by 40.1% during the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after purchasing an additional 795,131 shares during the last quarter. Millennium Management LLC increased its stake in Kemper by 129.8% in the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock valued at $57,512,000 after buying an additional 630,241 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Kemper during the 3rd quarter worth approximately $24,340,000. UBS Group AG boosted its stake in shares of Kemper by 284.8% in the 3rd quarter. UBS Group AG now owns 621,829 shares of the insurance provider’s stock worth $32,055,000 after buying an additional 460,217 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Kemper by 12.9% in the third quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock valued at $143,131,000 after acquiring an additional 316,216 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

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.