Kemper (NYSE:KMPR) Releases Earnings Results, Beats Estimates By $0.44 EPS

Kemper (NYSE:KMPR) posted its quarterly earnings data on Monday. The insurance provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.44, Briefing.com reports. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted ($0.26) EPS. Kemper’s quarterly revenue was down 10.5% on a year-over-year basis.

Kemper Stock Down 3.1 %

Shares of Kemper stock opened at $61.71 on Tuesday. Kemper has a 1 year low of $38.32 and a 1 year high of $65.93. The stock has a 50-day moving average price of $60.35 and a 200 day moving average price of $59.35. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.97 billion, a P/E ratio of -32.48 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KMPR shares. Piper Sandler lifted their price target on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday. JMP Securities lifted their price target on Kemper from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $73.00.

Insider Transactions at Kemper

In other Kemper news, Director Gerald Laderman bought 5,000 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $61.01 per share, with a total value of $305,050.00. Following the acquisition, the director now directly owns 16,700 shares of the company’s stock, valued at approximately $1,018,867. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.20% 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.