Kemper (NYSE:KMPR) Reaches New 52-Week Low – What’s Next?

Shares of Kemper Corporation (NYSE:KMPR) hit a new 52-week low during trading on Wednesday . The stock traded as low as $27.68 and last traded at $27.75, with a volume of 1101770 shares traded. The stock had previously closed at $29.71.

Analysts Set New Price Targets

Several brokerages have recently commented on KMPR. Piper Sandler reduced their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. UBS Group dropped their price objective on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Citigroup lowered shares of Kemper to a “market perform” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $51.75.

Kemper Trading Down 6.6%

The firm’s 50 day moving average is $31.10 and its two-hundred day moving average is $35.02. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 44.76 and a beta of 1.16. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

Kemper (NYSE:KMPR) last announced 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). Kemper had a net margin of 0.89% and a return on equity of 4.80%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted $1.65 EPS. Kemper’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts anticipate that Kemper Corporation will post 2.25 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be paid a $0.32 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

Institutional Investors Weigh In On Kemper

Large investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 421 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Kemper by 1,098.0% during the third quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 538 shares during the period. Signaturefd LLC acquired a new position in shares of Kemper during the fourth quarter valued at approximately $32,000. Jones Financial Companies Lllp increased its stake in shares of Kemper by 73.5% during the third quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 278 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Kemper during the third quarter valued at approximately $36,000. Institutional investors and hedge funds 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.