Kemper Co. (NYSE:KMPR) Receives Consensus Recommendation of “Buy” from Analysts

Kemper Co. (NYSE:KMPR) has been assigned an average rating of “Buy” from the five research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $79.00.

KMPR has been the subject of several analyst reports. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. TD Cowen raised their price target on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Raymond James upped 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. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Finally, Piper Sandler lifted their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th.

Kemper Stock Performance

Shares of Kemper stock opened at $71.50 on Friday. Kemper has a 12 month low of $43.18 and a 12 month high of $73.01. The business has a 50-day moving average of $64.67 and a 200 day moving average of $62.00. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 17.02 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned ($0.44) EPS. Kemper’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Kemper will post 5.36 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. Kemper’s dividend payout ratio (DPR) is 29.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its position in shares of Kemper by 3.1% in the second quarter. Inspire Investing LLC now owns 5,943 shares of the insurance provider’s stock worth $353,000 after buying an additional 177 shares during the period. Atom Investors LP boosted its holdings in Kemper by 1.1% in the 3rd quarter. Atom Investors LP now owns 19,240 shares of the insurance provider’s stock worth $1,178,000 after acquiring an additional 208 shares during the period. GAMMA Investing LLC grew its position in 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 acquiring an additional 289 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Kemper by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 311 shares during the period. Finally, Quarry LP lifted its position in shares of Kemper by 105.1% during the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

About Kemper

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.