Kemper (NYSE:KMPR) Issues Quarterly Earnings Results

Kemper (NYSE:KMPR) announced its quarterly earnings data on Wednesday. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11, FiscalAI reports. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year.

Kemper Trading Down 0.9%

NYSE:KMPR traded down $0.25 during mid-day trading on Wednesday, reaching $29.16. 708,212 shares of the company’s stock traded hands, compared to its average volume of 1,039,472. The company has a 50 day moving average price of $27.05 and a 200-day moving average price of $30.61. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 47.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. Kemper has a 12-month low of $22.69 and a 12-month high of $54.90.

Wall Street Analysts Forecast Growth

KMPR has been the topic of several recent research reports. Piper Sandler reduced their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Finally, UBS Group lowered their price target on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kemper has a consensus rating of “Reduce” and an average target price of $51.75.

Institutional Investors Weigh In On Kemper

Large investors have recently made changes to their positions in the business. Danske Bank A S bought a new position in shares of Kemper during the third quarter valued at approximately $36,000. UMB Bank n.a. boosted its holdings in Kemper by 57.5% in the fourth quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 507 shares in the last quarter. Acadian Asset Management LLC increased its position in Kemper by 27.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 369 shares during the period. Quarry LP increased its position in Kemper by 328.6% during the 3rd quarter. Quarry LP now owns 2,263 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,735 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Kemper in the 4th quarter worth $133,000. 86.23% of the stock is currently owned by institutional investors.

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.