Kemper Corporation (NYSE:KMPR) Stock Rated “Reduce” by Sell-Side Brokerages

Kemper Corporation (NYSE:KMPR) has been assigned an average rating of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $43.25.

KMPR has been the subject of several research reports. UBS Group decreased their price target on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. TD Cowen cut their price objective on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th.

Insider Buying and Selling

In related news, CEO Stephen McAnena bought 3,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $26.50 per share, with a total value of $79,500.00. Following the completion of the transaction, the chief executive officer owned 30,945 shares in the company, valued at $820,042.50. The trade was a 10.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Laderman bought 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the transaction, the director owned 33,365 shares of the company’s stock, valued at $883,838.85. The trade was a 13.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 14,000 shares of company stock worth $367,880 over the last three months. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Kemper

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after buying an additional 814 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Kemper by 108.2% during the third quarter. Farther Finance Advisors LLC now owns 1,043 shares of the insurance provider’s stock worth $26,000 after buying an additional 542 shares during the last quarter. Nykredit A S acquired a new position in Kemper during the second quarter worth $31,000. IFP Advisors Inc increased its holdings in Kemper by 456.6% during the second quarter. IFP Advisors Inc now owns 1,436 shares of the insurance provider’s stock worth $39,000 after buying an additional 1,178 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Kemper by 24.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock worth $80,000 after buying an additional 389 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Down 1.8%

Shares of Kemper stock opened at $26.97 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $1.59 billion, a P/E ratio of -3.21 and a beta of 1.07. The business has a 50-day moving average of $27.10 and a two-hundred day moving average of $28.36. Kemper has a 1 year low of $22.69 and a 1 year high of $50.52.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. Kemper’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities analysts predict that Kemper will post 2.02 EPS for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, August 21st. Kemper’s dividend payout ratio is currently -15.24%.

About Kemper

Kemper Corporation is an insurance holding company that provides property and casualty, life, and health insurance products through its operating subsidiaries. Its offerings include automobile insurance, homeowners and renters insurance, and other personal and commercial insurance solutions designed for individuals, families, and businesses.

The company distributes its products through independent agents, affiliated agencies, and other insurance distribution partners. Kemper primarily serves customers across the United States, with its businesses focused on personal insurance markets and selected commercial insurance opportunities.

Kemper traces its corporate history to Unitrin, which changed its name to Kemper Corporation in 2015.