Kemper Corp (KMPR) Receives $67.50 Consensus Target Price from Brokerages
Shares of Kemper Corp (NYSE:KMPR) have received a consensus recommendation of “Strong Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $67.50.
A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, William Blair upgraded shares of Kemper from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 15th.
Large investors have recently modified their holdings of the business. USA Financial Portformulas Corp bought a new position in Kemper during the third quarter worth about $549,000. Chicago Equity Partners LLC purchased a new stake in shares of Kemper in the third quarter worth about $2,623,000. California Public Employees Retirement System lifted its holdings in shares of Kemper by 3.7% in the third quarter. California Public Employees Retirement System now owns 139,541 shares of the insurance provider’s stock worth $7,396,000 after buying an additional 4,941 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Kemper by 8.8% in the third quarter. Ameriprise Financial Inc. now owns 157,539 shares of the insurance provider’s stock worth $8,350,000 after buying an additional 12,717 shares in the last quarter. Finally, Clarus Wealth Advisors purchased a new stake in shares of Kemper in the fourth quarter worth about $381,000. Hedge funds and other institutional investors own 58.13% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.68%. Kemper’s dividend payout ratio is presently 41.20%.
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Kemper Company Profile
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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