Kemper Co. Expected to Post Q2 2024 Earnings of $0.94 Per Share (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) – Equities research analysts at William Blair boosted their Q2 2024 earnings estimates for shares of Kemper in a report issued on Thursday, May 2nd. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $0.94 per share for the quarter, up from their previous estimate of $0.84. The consensus estimate for Kemper’s current full-year earnings is $4.50 per share. William Blair also issued estimates for Kemper’s Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.16 EPS and Q4 2025 earnings at $1.26 EPS.

KMPR has been the subject of several other reports. TD Cowen started coverage on Kemper in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $75.00 price objective on shares of Kemper in a research report on Monday, April 15th. Raymond James raised their target price on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Piper Sandler upped their price target on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, UBS Group raised their price objective on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $70.40.

Kemper Trading Up 1.0 %

KMPR stock opened at $58.98 on Friday. The firm has a fifty day moving average price of $58.47 and a 200 day moving average price of $52.37. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $64.69. The firm has a market cap of $3.79 billion, a PE ratio of -30.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.20 and a current ratio of 0.20.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.02). Kemper had a positive return on equity of 3.07% and a negative net margin of 2.52%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm earned ($1.02) EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, May 10th. Kemper’s dividend payout ratio is currently -65.26%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KMPR. Handelsbanken Fonder AB raised its stake in shares of Kemper by 20.5% in the fourth quarter. Handelsbanken Fonder AB now owns 10,573 shares of the insurance provider’s stock worth $515,000 after purchasing an additional 1,800 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Kemper by 3.8% in the third quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock worth $173,408,000 after acquiring an additional 150,584 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Kemper during the fourth quarter worth $641,000. Victory Capital Management Inc. lifted its position in Kemper by 3.4% during the third quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider’s stock valued at $40,817,000 after purchasing an additional 31,480 shares during the period. Finally, Chartwell Investment Partners LLC boosted its holdings in Kemper by 53.7% in the third quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider’s stock valued at $12,700,000 after purchasing an additional 105,624 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

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.