Kemper Corporation (NYSE:KMPR) Receives $52.75 Average Price Target from Analysts

Shares of Kemper Corporation (NYSE:KMPR) have been given a consensus recommendation of “Reduce” by the nine brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $51.75.

A number of brokerages have issued reports on KMPR. Wall Street Zen cut shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings cut shares of Kemper from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 17th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Piper Sandler reduced their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, Citigroup cut shares of Kemper to a “market perform” rating in a research report on Thursday, February 5th.

Kemper Stock Performance

Shares of Kemper stock opened at $29.80 on Friday. Kemper has a fifty-two week low of $27.74 and a fifty-two week high of $65.32. The firm has a market cap of $1.75 billion, a P/E ratio of 48.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a 50 day simple moving average of $31.32 and a 200 day simple moving average of $36.00.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). Kemper had a net margin of 0.89% and a return on equity of 4.80%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $1.65 earnings per share. Kemper’s revenue was down 7.2% compared to the same quarter last year. Sell-side analysts predict that Kemper will post 2.83 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders 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 dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, May 18th. Kemper’s dividend payout ratio (DPR) is currently 206.45%.

Hedge Funds Weigh In On Kemper

A number of hedge funds and other institutional investors have recently made changes to their positions in KMPR. Huntington National Bank lifted its position in Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Kemper by 1,098.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 538 shares in the last quarter. Signaturefd LLC bought a new stake in Kemper in the 4th quarter valued at $32,000. Jones Financial Companies Lllp lifted its position in Kemper by 73.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 278 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Kemper in the 3rd quarter valued at $36,000. 86.23% of the stock is owned by 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.