Kemper Corp (KMPR) Given Average Rating of “Buy” by Brokerages
Kemper Corp (NYSE:KMPR) has earned an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.00.
Several research firms have recently commented on KMPR. Zacks Investment Research lowered shares of Kemper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Finally, ValuEngine cut shares of Kemper from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Kemper by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,609,922 shares of the insurance provider’s stock worth $139,342,000 after purchasing an additional 150,227 shares in the last quarter. State Street Corp raised its stake in Kemper by 3.5% in the 2nd quarter. State Street Corp now owns 1,448,146 shares of the insurance provider’s stock valued at $55,897,000 after purchasing an additional 49,571 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Kemper by 217.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 828,927 shares of the insurance provider’s stock valued at $32,190,000 after acquiring an additional 568,157 shares during the last quarter. Northern Trust Corp increased its stake in shares of Kemper by 1.0% during the 2nd quarter. Northern Trust Corp now owns 824,135 shares of the insurance provider’s stock valued at $31,812,000 after acquiring an additional 7,846 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Kemper by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 596,351 shares of the insurance provider’s stock valued at $23,019,000 after acquiring an additional 8,562 shares during the last quarter. Hedge funds and other institutional investors own 57.74% of the company’s stock.
Kemper (NYSE:KMPR) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.57. Kemper had a net margin of 4.32% and a return on equity of 4.47%. The company had revenue of $690.30 million during the quarter, compared to analyst estimates of $680.90 million. During the same quarter last year, the firm posted ($0.40) earnings per share. Kemper’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that Kemper will post 1.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 13th were given a $0.24 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.42%. Kemper’s dividend payout ratio (DPR) is 43.84%.
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Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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