Kemper Corporation (NYSE:KMPR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Kemper Corporation (NYSE:KMPR) have received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $51.75.

Several research analysts have recently commented on the company. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. UBS Group dropped their price target on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Finally, Piper Sandler decreased their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th.

Kemper Price Performance

KMPR opened at $28.75 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of 46.38 and a beta of 1.04. The company has a 50-day moving average of $28.04 and a 200-day moving average of $32.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18. Kemper has a 1-year low of $22.69 and a 1-year high of $64.23.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.60). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. Equities analysts expect that Kemper will post 2.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, May 18th. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

Institutional Investors Weigh In On Kemper

A number of institutional investors have recently modified their holdings of KMPR. Integrated Wealth Concepts LLC boosted its stake in Kemper by 39.9% in the first quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 1,406 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Kemper by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock worth $37,288,000 after purchasing an additional 77,764 shares during the period. United Services Automobile Association bought a new stake in shares of Kemper in the 1st quarter worth approximately $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kemper by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock worth $13,253,000 after purchasing an additional 9,008 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Kemper by 112.7% during the 1st quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock valued at $703,000 after purchasing an additional 5,573 shares during the period. Institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.