Piper Sandler Issues Positive Forecast for Kemper (NYSE:KMPR) Stock Price

Kemper (NYSE:KMPR) had its price target increased by Piper Sandler from $83.00 to $86.00 in a research report report published on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the insurance provider’s stock.

Several other equities research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. TD Cowen increased their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. Finally, Raymond James lifted their price objective on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kemper presently has an average rating of “Buy” and an average price target of $81.60.

Kemper Stock Performance

NYSE:KMPR opened at $69.44 on Thursday. Kemper has a fifty-two week low of $54.11 and a fifty-two week high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The company has a 50 day moving average price of $66.59 and a 200 day moving average price of $64.46. The stock has a market capitalization of $4.45 billion, a P/E ratio of 16.53 and a beta of 0.88.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 12.03% and a net margin of 5.86%. Equities research analysts forecast that Kemper will post 5.49 EPS for the current year.

Kemper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.84%. Kemper’s dividend payout ratio (DPR) is 29.52%.

Institutional Investors Weigh In On Kemper

Several institutional investors have recently modified their holdings of KMPR. GAMMA Investing LLC increased its position in shares of Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after buying an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Kemper by 5,590.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after buying an additional 559 shares during the period. Clean Yield Group acquired a new stake in Kemper during the fourth quarter worth about $45,000. Capital Performance Advisors LLP acquired a new position in Kemper during the third quarter valued at approximately $46,000. Finally, Parkside Financial Bank & Trust acquired a new position in shares of Kemper during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.