Kemper Co. (NYSE:KMPR) Given Average Recommendation of “Buy” by Brokerages

Shares of Kemper Co. (NYSE:KMPR) have been given an average recommendation of “Buy” by the five analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $76.20.

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

Kemper Price Performance

Shares of NYSE KMPR opened at $60.49 on Monday. The company has a fifty day moving average price of $61.87 and a 200 day moving average price of $59.96. Kemper has a 1-year low of $38.32 and a 1-year high of $65.93. The firm has a market cap of $3.89 billion, a PE ratio of -31.84 and a beta of 0.85. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52.

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

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a $0.31 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.24 annualized dividend and a yield of 2.05%. Kemper’s dividend payout ratio is -65.26%.

Institutional Investors Weigh In On Kemper

Several hedge funds have recently added to or reduced their stakes in KMPR. Dimensional Fund Advisors LP boosted its holdings in Kemper by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,441,496 shares of the insurance provider’s stock valued at $118,827,000 after purchasing an additional 83,618 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Kemper by 5.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 260,290 shares of the insurance provider’s stock valued at $12,668,000 after buying an additional 14,080 shares during the period. International Assets Investment Management LLC grew its position in Kemper by 872.8% during the first quarter. International Assets Investment Management LLC now owns 88,025 shares of the insurance provider’s stock worth $5,451,000 after buying an additional 78,976 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Kemper during the 4th quarter worth $873,000. Finally, Lord Abbett & CO. LLC increased its position in shares of Kemper by 3.0% in the first quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock worth $48,988,000 after purchasing an additional 23,285 shares during the period. 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.