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

Kemper Co. (NYSE:KMPR) has received a consensus rating of “Buy” from the five research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $70.40.

A number of brokerages have weighed in on KMPR. Piper Sandler lifted 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. UBS Group lifted their price target on shares of Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 5th. Raymond James lifted their price target on shares of Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. JMP Securities reiterated a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a report on Monday. Finally, TD Cowen began coverage on shares of Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price target on the stock.

Hedge Funds Weigh In On Kemper

Several hedge funds and other institutional investors have recently made changes to their positions in KMPR. JPMorgan Chase & Co. lifted its holdings in shares of Kemper by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 84,710 shares of the insurance provider’s stock valued at $4,789,000 after acquiring an additional 3,402 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Kemper by 16.1% during the 1st quarter. American Century Companies Inc. now owns 8,516 shares of the insurance provider’s stock valued at $481,000 after acquiring an additional 1,179 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kemper by 20.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 410 shares in the last quarter. Bank of Montreal Can increased its stake in Kemper by 14.9% during the 1st quarter. Bank of Montreal Can now owns 8,617 shares of the insurance provider’s stock worth $489,000 after buying an additional 1,118 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Kemper by 33.5% during the 1st quarter. MetLife Investment Management LLC now owns 38,718 shares of the insurance provider’s stock worth $2,189,000 after buying an additional 9,722 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Up 1.0 %

Shares of NYSE KMPR opened at $57.01 on Friday. Kemper has a 1 year low of $38.32 and a 1 year high of $64.69. The firm’s 50 day moving average price is $58.46 and its 200 day moving average price is $51.21. The firm has a market cap of $3.67 billion, a P/E ratio of -13.41 and a beta of 0.91. 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 earnings results on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, sell-side analysts anticipate that Kemper will post 4.17 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.24 annualized dividend and a dividend yield of 2.18%. Kemper’s payout ratio is -29.18%.

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.