Kemper Corporation (KMPR) Reaches New 1-Year High at $49.75
Kemper Corporation (NYSE:KMPR)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $49.75 and last traded at $49.60, with a volume of 147,006 shares traded. The stock had previously closed at $49.55.
A number of equities analysts have recently commented on KMPR shares. Zacks Investment Research lowered Kemper Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. TheStreet lowered Kemper Corporation from a “b-” rating to a “c” rating in a report on Thursday, May 4th. BidaskClub lowered Kemper Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. UBS AG raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. Kemper Corporation presently has an average rating of “Buy” and an average target price of $55.50.
The firm has a market capitalization of $2.54 billion, a P/E ratio of 49.95 and a beta of 1.11. The stock’s 50 day moving average is $40.96 and its 200-day moving average is $40.62.
Kemper Corporation (NYSE:KMPR) last issued its 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 company had revenue of $684.40 million during the quarter, compared to the consensus estimate of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. Kemper Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, equities research analysts expect that Kemper Corporation will post $1.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, August 10th. Kemper Corporation’s dividend payout ratio is currently 97.96%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fiduciary Trust Co. purchased a new position in shares of Kemper Corporation during the second quarter valued at $122,000. LS Investment Advisors LLC increased its position in shares of Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock valued at $146,000 after buying an additional 580 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Kemper Corporation by 78.8% in the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after buying an additional 2,128 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Kemper Corporation by 75.3% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after buying an additional 2,074 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Kemper Corporation during the first quarter valued at $205,000. 55.00% of the stock is owned by institutional investors.
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Kemper Corporation 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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