Kemper (NYSE:KMPR) Reaches New 52-Week Low – What’s Next?

Kemper Corporation (NYSE:KMPR) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $27.68 and last traded at $27.75, with a volume of 1101770 shares. The stock had previously closed at $29.71.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Citizens Jmp lowered Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, February 5th. Citigroup lowered Kemper to a “market perform” rating in a report on Thursday, February 5th. Piper Sandler lowered their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Finally, UBS Group lowered their price target on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $51.75.

Kemper Trading Down 6.6%

The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $31.10 and a 200-day moving average of $35.02. The stock has a market cap of $1.63 billion, a PE ratio of 44.76 and a beta of 1.16.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 earnings per share. On average, analysts anticipate that Kemper Corporation will post 2.25 EPS for the current year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Kemper’s dividend payout ratio is 206.45%.

Hedge Funds Weigh In On Kemper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMPR. Integrated Wealth Concepts LLC boosted its position in Kemper by 39.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock valued at $330,000 after buying an additional 1,406 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Kemper by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after buying an additional 77,764 shares during the last quarter. United Services Automobile Association purchased a new position in Kemper in the 1st quarter valued at about $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Kemper by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock valued at $13,253,000 after buying an additional 9,008 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Kemper by 112.7% in the 1st quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock valued at $703,000 after buying an additional 5,573 shares during the last quarter. 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.