Kemper Co. (NYSE:KMPR) Receives Average Rating of “Buy” from Brokerages

Shares of Kemper Co. (NYSE:KMPR) have earned an average recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $76.20.

KMPR has been the subject of several recent research reports. StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. UBS Group boosted their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Piper Sandler increased their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Raymond James lifted their target price on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, August 8th. Finally, JMP Securities upped their price target on Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 6th.

Kemper Trading Up 0.2 %

Shares of NYSE KMPR opened at $62.24 on Thursday. Kemper has a 52-week low of $38.32 and a 52-week high of $65.93. The business’s 50 day moving average is $61.26 and its two-hundred day moving average is $59.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR) last posted its earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.23. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. Kemper had a return on equity of 7.27% and a net margin of 1.11%. Kemper’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) EPS. As a group, equities research analysts predict that Kemper will post 5.17 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, August 19th. Kemper’s dividend payout ratio (DPR) is -65.26%.

Institutional Investors Weigh In On Kemper

Several hedge funds and other institutional investors have recently made changes to their positions in KMPR. Vaughan Nelson Investment Management L.P. purchased a new position in Kemper in the first quarter valued at approximately $23,384,000. Khrom Capital Management LLC grew its position in shares of Kemper by 414.0% in the 1st quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock valued at $26,332,000 after buying an additional 342,519 shares during the last quarter. Millennium Management LLC raised its stake in Kemper by 1,336.4% during the 2nd quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock worth $20,228,000 after acquiring an additional 317,212 shares in the last quarter. Norges Bank purchased a new stake in Kemper in the fourth quarter valued at $14,360,000. Finally, Lighthouse Investment Partners LLC boosted its stake in Kemper by 815.0% in the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after acquiring an additional 268,569 shares in the last quarter. Institutional investors and hedge funds 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.