Kemper (NYSE:KMPR) Stock Price Down 5.6% – Here’s What Happened

Kemper Corporation (NYSE:KMPR)’s stock price fell 5.6% during trading on Tuesday . The company traded as low as $27.97 and last traded at $28.04. 354,054 shares were traded during trading, a decline of 63% from the average session volume of 963,667 shares. The stock had previously closed at $29.71.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMPR. Piper Sandler cut their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Citizens Jmp lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, February 5th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. UBS Group cut their price target on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $51.75.

Kemper Trading Down 6.6%

The company has a market cap of $1.63 billion, a price-to-earnings ratio of 44.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. The business’s fifty day moving average price is $31.14 and its 200 day moving average price is $35.12.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.65 EPS. Research analysts anticipate that Kemper Corporation will post 2.25 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. Kemper’s dividend payout ratio is 206.45%.

Institutional Trading of Kemper

A number of institutional investors have recently bought and sold shares of KMPR. Huntington National Bank boosted its position in Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares during the last quarter. Hantz Financial Services Inc. boosted its position 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 acquiring an additional 538 shares during the last quarter. Signaturefd LLC bought a new stake in Kemper during the fourth quarter valued at $32,000. Jones Financial Companies Lllp boosted its position in Kemper by 73.5% during the third quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 278 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Kemper during the third quarter valued at about $36,000. Institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.