Kemper Corporation (NYSE:KMPR) Receives $63.50 Average PT from Brokerages

Shares of Kemper Corporation (NYSE:KMPR) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $63.50.

A number of equities research analysts have commented on the company. Wall Street Zen cut Kemper from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. JMP Securities dropped their price objective on Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 6th. Piper Sandler decreased their target price on Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a report on Thursday. Finally, Cowen restated a “buy” rating on shares of Kemper in a research note on Thursday, August 7th.

Kemper Price Performance

Shares of NYSE:KMPR opened at $36.44 on Friday. The company has a market capitalization of $2.13 billion, a P/E ratio of 6.86 and a beta of 1.23. Kemper has a 1-year low of $33.91 and a 1-year high of $73.01. The firm’s 50 day simple moving average is $47.50 and its two-hundred day simple moving average is $55.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.21.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $1.33 by ($1.00). Kemper had a net margin of 7.18% and a return on equity of 14.39%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts expect that Kemper will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Monday, November 17th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.5%. Kemper’s dividend payout ratio is currently 33.42%.

Kemper declared that its board has authorized a stock buyback plan on Tuesday, August 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 12.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of Kemper by 40.1% in the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after purchasing an additional 795,131 shares during the last quarter. Wellington Management Group LLP grew its holdings in Kemper by 12.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock valued at $143,131,000 after buying an additional 316,216 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kemper by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,331,737 shares of the insurance provider’s stock worth $120,201,000 after acquiring an additional 97,354 shares during the last quarter. State Street Corp increased its stake in Kemper by 0.5% in the 2nd quarter. State Street Corp now owns 2,212,025 shares of the insurance provider’s stock worth $142,764,000 after acquiring an additional 10,213 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Kemper by 19.3% during the 2nd quarter. Boston Partners now owns 1,508,352 shares of the insurance provider’s stock worth $97,026,000 after acquiring an additional 244,391 shares in the last quarter. 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.