Piper Sandler Has Lowered Expectations for Kemper (NYSE:KMPR) Stock Price

Kemper (NYSE:KMPR) had its target price lowered by Piper Sandler from $86.00 to $75.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider’s stock.

Kemper Stock Up 2.7 %

KMPR opened at $64.16 on Thursday. The company has a fifty day moving average of $62.32 and a two-hundred day moving average of $65.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. Kemper has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 13.07 and a beta of 1.26.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. Kemper’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Kemper will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. Kemper’s dividend payout ratio is currently 26.07%.

Institutional Investors Weigh In On Kemper

A number of hedge funds have recently modified their holdings of the business. CX Institutional acquired a new position in Kemper during the first quarter worth $38,000. EverSource Wealth Advisors LLC increased its stake in Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 352 shares during the last quarter. UMB Bank n.a. raised its position in Kemper by 104.4% in the first quarter. UMB Bank n.a. now owns 650 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 332 shares during the period. CENTRAL TRUST Co purchased a new position in shares of Kemper during the 1st quarter worth $44,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Kemper during the 1st quarter worth about $44,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.