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

Kemper Corporation (NYSE:KMPR) has been given an average recommendation of “Reduce” by the seven analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $56.6667.

KMPR has been the subject of several research reports. Piper Sandler decreased their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. William Blair cut Kemper from a “market perform” rating to an “underperform” rating in a report on Thursday, December 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research note on Monday, December 29th. Finally, Raymond James Financial cut Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research report on Wednesday, October 15th.

Kemper Trading Down 0.1%

Shares of NYSE:KMPR opened at $38.37 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.19. Kemper has a 1 year low of $33.91 and a 1 year high of $72.25. The company has a market cap of $2.25 billion, a P/E ratio of 10.02 and a beta of 1.15. The stock’s fifty day moving average price is $39.84 and its 200-day moving average price is $47.20.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Kemper had a return on equity of 11.48% and a net margin of 5.13%.Kemper’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Sell-side analysts expect that Kemper will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, November 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.28 annualized dividend and a dividend yield of 3.3%. Kemper’s dividend payout ratio is presently 33.42%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in shares of Kemper by 1,098.0% during the 3rd 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 purchased a new position in Kemper during the fourth quarter valued at $32,000. Jones Financial Companies Lllp grew its holdings in 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 purchasing an additional 278 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Kemper in the third quarter worth about $36,000. Finally, Danske Bank A S purchased a new stake in Kemper in the third quarter worth about $36,000. 86.23% of the stock is currently owned by institutional investors.

About Kemper

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.