Kemper (NYSE:KMPR) Price Target Raised to $82.00 at Raymond James

Kemper (NYSE:KMPR) had its target price upped by Raymond James from $75.00 to $82.00 in a report published on Thursday,Benzinga reports. They currently have a strong-buy rating on the insurance provider’s stock.

Several other research analysts also recently commented on the stock. TD Cowen raised their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $80.40.

Kemper Stock Up 0.4 %

Shares of NYSE KMPR opened at $66.05 on Thursday. Kemper has a 1 year low of $48.10 and a 1 year high of $73.01. The firm has a 50-day simple moving average of $67.32 and a two-hundred day simple moving average of $63.16. The company has a market cap of $4.23 billion, a P/E ratio of 15.73 and a beta of 0.88. 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 data 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned ($0.44) EPS. Kemper’s revenue was down 1.7% compared to the same quarter last year. Research analysts anticipate that Kemper will post 5.36 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.88%. Kemper’s dividend payout ratio is presently 29.52%.

Hedge Funds Weigh In On Kemper

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $35,000 after acquiring an additional 559 shares in the last quarter. Quarry LP lifted its position in Kemper by 105.1% during the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 329 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Kemper in the third quarter valued at approximately $46,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Kemper in the third quarter worth $82,000. Institutional investors own 86.23% of the company’s stock.

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.