Q2 2024 EPS Estimates for Kemper Co. Raised by William Blair (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) – Investment analysts at William Blair increased their Q2 2024 earnings estimates for shares of Kemper in a research report issued to clients and investors on Tuesday, April 23rd. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $0.84 per share for the quarter, up from their previous estimate of $0.83. The consensus estimate for Kemper’s current full-year earnings is $4.22 per share. William Blair also issued estimates for Kemper’s Q3 2024 earnings at $0.97 EPS, Q4 2024 earnings at $1.08 EPS and FY2025 earnings at $4.55 EPS.

Kemper (NYSE:KMPR) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion.

Several other analysts have also recently issued reports on the stock. UBS Group increased their price target on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. TD Cowen began coverage on shares of Kemper in a research note on Wednesday, January 10th. They set an “outperform” rating and a $70.00 target price on the stock. Raymond James upped their target price on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Piper Sandler upped their target price on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, JMP Securities restated a “market outperform” rating and set a $75.00 target price on shares of Kemper in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kemper currently has a consensus rating of “Buy” and a consensus target price of $70.40.

Kemper Stock Down 2.2 %

Shares of KMPR opened at $57.42 on Thursday. The stock has a market capitalization of $3.69 billion, a PE ratio of -13.51 and a beta of 0.91. Kemper has a 1 year low of $38.32 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.20 and a current ratio of 0.20. The company’s 50-day simple moving average is $58.50 and its 200-day simple moving average is $51.93.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, February 16th. Kemper’s payout ratio is currently -29.18%.

Institutional Investors Weigh In On Kemper

Several large investors have recently modified their holdings of KMPR. New York State Teachers Retirement System lifted its holdings in shares of Kemper by 0.3% during the first quarter. New York State Teachers Retirement System now owns 71,848 shares of the insurance provider’s stock worth $4,449,000 after purchasing an additional 200 shares during the period. Amalgamated Bank lifted its holdings in shares of Kemper by 0.6% during the fourth quarter. Amalgamated Bank now owns 37,881 shares of the insurance provider’s stock worth $1,844,000 after purchasing an additional 235 shares during the period. Arizona State Retirement System lifted its holdings in shares of Kemper by 1.4% during the third quarter. Arizona State Retirement System now owns 18,220 shares of the insurance provider’s stock worth $766,000 after purchasing an additional 254 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Kemper by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 26,692 shares of the insurance provider’s stock worth $1,299,000 after purchasing an additional 260 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Kemper by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 75,450 shares of the insurance provider’s stock worth $3,672,000 after purchasing an additional 268 shares during the period. 86.23% of the stock is 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.