Kemper Corporation (NYSE:KMPR) Given Average Recommendation of “Reduce” by Brokerages

Kemper Corporation (NYSE:KMPR) has been assigned an average rating of “Reduce” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $56.6667.

A number of research analysts have issued reports on KMPR shares. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. 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 research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a research note on Monday. Finally, Raymond James Financial lowered Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research note on Wednesday, October 15th.

Kemper Stock Performance

Shares of KMPR opened at $40.87 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50-day moving average of $42.43 and a two-hundred day moving average of $52.25. The stock has a market cap of $2.39 billion, a P/E ratio of 10.67 and a beta of 1.15. Kemper has a one year low of $33.91 and a one year high of $72.25.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.00). Kemper had a return on equity of 11.48% and a net margin of 5.13%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that Kemper will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, November 17th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, November 17th. Kemper’s dividend payout ratio is presently 33.42%.

Institutional Investors Weigh In On Kemper

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its holdings in Kemper by 1,098.0% during the third quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 538 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Kemper by 73.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock worth $34,000 after buying an additional 278 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Kemper in the 1st quarter worth about $45,000. Abich Financial Wealth Management LLC acquired a new position in shares of Kemper during the third quarter valued at approximately $36,000. Finally, IFP Advisors Inc lifted its position in shares of Kemper by 651.6% in the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.