Kemper Corporation (NYSE:KMPR) Receives $43.67 Consensus Price Target from Analysts

Kemper Corporation (NYSE:KMPR) has received an average recommendation of “Reduce” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $43.6667.

Several analysts have commented on the stock. Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Piper Sandler dropped their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Finally, UBS Group dropped their target price on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th.

Kemper Stock Performance

Shares of NYSE KMPR opened at $27.08 on Monday. The company has a market cap of $1.60 billion, a PE ratio of -3.22 and a beta of 1.04. Kemper has a 12 month low of $22.69 and a 12 month high of $54.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The company has a 50-day simple moving average of $27.73 and a 200-day simple moving average of $29.57.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The company’s revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 earnings per share. On average, equities analysts anticipate that Kemper will post 1.97 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Kemper’s dividend payout ratio is currently -15.24%.

Insider Buying and Selling at Kemper

In related news, Director Gerald Laderman bought 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director owned 33,365 shares in the company, valued at $883,838.85. This trade represents a 13.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason N. Gorevic purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the transaction, the director directly owned 31,802 shares of the company’s stock, valued at $823,989.82. The trade was a 18.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 14,000 shares of company stock worth $367,880. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Kemper

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of Kemper by 125.8% during the first quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock valued at $8,693,000 after buying an additional 158,488 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Kemper by 1,888.9% during the first quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock worth $6,577,000 after buying an additional 203,417 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Kemper in the 1st quarter worth approximately $1,622,000. Walleye Capital LLC grew its holdings in Kemper by 102.1% in the 1st quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider’s stock worth $9,938,000 after buying an additional 164,315 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Kemper by 34.7% in the 1st quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock valued at $11,656,000 after acquiring an additional 98,200 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Company Profile

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.