Kemper Corporation (NYSE:KMPR) Sets New 1-Year High at $48.65
Kemper Corporation (NYSE:KMPR) reached a new 52-week high on Wednesday . The stock traded as high as $48.65 and last traded at $48.55, with a volume of 178,920 shares changing hands. The stock had previously closed at $48.30.
KMPR has been the topic of several recent research reports. Zacks Investment Research downgraded Kemper Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. TheStreet downgraded Kemper Corporation from a “b-” rating to a “c” rating in a report on Thursday, May 4th. BidaskClub downgraded Kemper Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Raymond James Financial, Inc. raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $52.50.
The stock has a market cap of $2.49 billion, a P/E ratio of 48.94 and a beta of 1.11. The firm’s 50 day moving average is $39.28 and its 200-day moving average is $40.48.
Kemper Corporation (NYSE:KMPR) last announced 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. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The firm had revenue of $684.40 million during the quarter, compared to analysts’ expectations of $641.20 million. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Kemper Corporation will post $1.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.98%. Kemper Corporation’s payout ratio is presently 97.96%.
Several large investors have recently made changes to their positions in KMPR. LS Investment Advisors LLC boosted its stake 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of Kemper Corporation during the first quarter valued at $205,000. Capital Fund Management S.A. acquired a new stake in shares of Kemper Corporation during the first quarter valued at $223,000. ING Groep NV acquired a new stake in shares of Kemper Corporation during the second quarter valued at $229,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Kemper Corporation during the first quarter valued at $239,000. 55.13% of the stock is owned by hedge funds and other institutional investors.
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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