Kemper Corporation (NYSE:KMPR) Receives $72.75 Average Price Target from Analysts

Shares of Kemper Corporation (NYSE:KMPR) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $72.75.

A number of research firms have weighed in on KMPR. Wall Street Zen lowered Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. JMP Securities decreased their price objective on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a report on Wednesday, August 6th. Piper Sandler reissued an “underweight” rating and issued a $50.00 price objective (down from $75.00) on shares of Kemper in a research report on Wednesday, August 6th. Cowen reaffirmed a “buy” rating on shares of Kemper in a research report on Thursday, August 7th. Finally, Zacks Research raised shares of Kemper to a “strong sell” rating in a research note on Monday, August 11th.

Kemper Stock Down 0.1%

Shares of NYSE KMPR opened at $51.51 on Friday. Kemper has a 1 year low of $45.02 and a 1 year high of $73.01. The firm has a 50-day simple moving average of $54.32 and a two-hundred day simple moving average of $59.64. The company has a market cap of $3.23 billion, a P/E ratio of 9.70 and a beta of 1.30. 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 issued its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). Kemper had a return on equity of 14.39% and a net margin of 7.18%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Research analysts anticipate that Kemper will post 6.03 earnings per share for the current year.

Kemper announced that its board has authorized a stock repurchase plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. Kemper’s payout ratio is 24.11%.

Insider Activity

In other Kemper news, Director Gerald Laderman purchased 3,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $49.37 per share, with a total value of $148,110.00. Following the transaction, the director owned 24,635 shares of the company’s stock, valued at approximately $1,216,229.95. This trade represents a 13.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jason N. Gorevic acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $49.14 per share, for a total transaction of $98,280.00. Following the completion of the purchase, the director owned 22,072 shares of the company’s stock, valued at approximately $1,084,618.08. This represents a 9.96% increase in their position. The disclosure for this purchase can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kemper

Several institutional investors have recently bought and sold shares of KMPR. Corient Private Wealth LLC purchased a new position in Kemper in the second quarter worth $341,000. Texas Permanent School Fund Corp grew its stake in Kemper by 13.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 68,005 shares of the insurance provider’s stock worth $4,389,000 after buying an additional 8,029 shares during the last quarter. Osaic Holdings Inc. increased its position in Kemper by 5,754.1% during the 2nd quarter. Osaic Holdings Inc. now owns 8,547 shares of the insurance provider’s stock valued at $552,000 after buying an additional 8,401 shares in the last quarter. Squarepoint Ops LLC raised its stake in Kemper by 822.6% in the second quarter. Squarepoint Ops LLC now owns 41,102 shares of the insurance provider’s stock valued at $2,653,000 after buying an additional 36,647 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Kemper by 70.5% in the second quarter. Thrivent Financial for Lutherans now owns 24,017 shares of the insurance provider’s stock worth $1,550,000 after acquiring an additional 9,934 shares in the last quarter. 86.23% of the stock is currently 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.