Brokerages Set Kemper Corporation (NYSE:KMPR) Price Target at $56.67

Shares of Kemper Corporation (NYSE:KMPR) have received an average recommendation of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $56.6667.

KMPR has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a research note on Monday, December 29th. William Blair lowered shares of Kemper from a “market perform” rating to an “underperform” rating in a report on Thursday, December 18th. Raymond James Financial downgraded shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research note on Wednesday, October 15th. Piper Sandler cut their target price on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Finally, Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th.

Kemper Trading Up 0.7%

Shares of KMPR stock opened at $40.02 on Friday. Kemper has a fifty-two week low of $33.91 and a fifty-two week high of $72.25. The stock’s fifty day moving average price is $40.13 and its two-hundred day moving average price is $49.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $2.34 billion, a PE ratio of 10.45 and a beta of 1.15.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Kemper had a return on equity of 11.48% and a net margin of 5.13%.Kemper’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $1.62 EPS. Equities analysts predict that Kemper will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 17th were given a dividend of $0.32 per share. The ex-dividend date was Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a yield of 3.2%. Kemper’s payout ratio is currently 33.42%.

Institutional Trading of Kemper

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

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.