Brokerages Expect Kemper Corporation (KMPR) to Post $0.69 EPS
Wall Street analysts forecast that Kemper Corporation (NYSE:KMPR) will post earnings per share of $0.69 for the current quarter, Zacks reports. Two analysts have made estimates for Kemper Corporation’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.68. Kemper Corporation posted earnings of ($0.40) per share during the same quarter last year, which suggests a positive year over year growth rate of 272.5%. The firm is scheduled to report its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Kemper Corporation will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.62 to $1.80. For the next fiscal year, analysts forecast that the firm will post earnings of $2.63 per share, with EPS estimates ranging from $2.50 to $2.80. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Kemper Corporation.
Kemper Corporation (NYSE:KMPR) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.23. The firm had revenue of $684.40 million for the quarter, compared to analysts’ expectations of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share.
Several analysts have recently commented on KMPR shares. TheStreet upgraded shares of Kemper Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. BidaskClub upgraded shares of Kemper Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research upgraded shares of Kemper Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a strong buy rating to the stock. Kemper Corporation presently has an average rating of “Strong Buy” and a consensus price target of $55.50.
In related news, Director Susan D. Whiting purchased 1,000 shares of Kemper Corporation stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $49.06 per share, for a total transaction of $49,060.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $49,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KMPR. BlackRock Inc. increased its holdings in Kemper Corporation by 15,823.5% in the 1st quarter. BlackRock Inc. now owns 4,643,923 shares of the insurance provider’s stock valued at $185,293,000 after acquiring an additional 4,614,759 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in Kemper Corporation by 217.9% in 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. Vanguard Group Inc. increased its holdings in Kemper Corporation by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 3,459,695 shares of the insurance provider’s stock valued at $138,041,000 after acquiring an additional 185,850 shares during the last quarter. Wellington Management Group LLP increased its holdings in Kemper Corporation by 6.3% in the 1st quarter. Wellington Management Group LLP now owns 2,492,739 shares of the insurance provider’s stock valued at $99,461,000 after acquiring an additional 147,995 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in Kemper Corporation in the 2nd quarter valued at $4,424,000. Institutional investors own 56.06% of the company’s stock.
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Kemper Corporation (NYSE:KMPR) opened at 53.95 on Friday. The company has a market cap of $2.77 billion, a PE ratio of 54.39 and a beta of 1.11. Kemper Corporation has a 12-month low of $35.30 and a 12-month high of $55.15. The stock has a 50 day moving average of $50.07 and a 200 day moving average of $42.54.
About Kemper Corporation
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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