Zacks: Analysts Expect Kemper Corp (KMPR) Will Announce Quarterly Sales of $1.22 Billion
Equities analysts expect Kemper Corp (NYSE:KMPR) to post $1.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Kemper’s earnings, with the highest sales estimate coming in at $1.25 billion and the lowest estimate coming in at $1.20 billion. Kemper posted sales of $741.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 64.4%. The business is expected to report its next quarterly earnings results on Monday, July 29th.
According to Zacks, analysts expect that Kemper will report full-year sales of $4.90 billion for the current year, with estimates ranging from $4.84 billion to $4.96 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.20 billion, with estimates ranging from $5.15 billion to $5.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kemper.
Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.02. Kemper had a net margin of 6.83% and a return on equity of 10.47%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $1.10 EPS. The business’s quarterly revenue was up 78.4% compared to the same quarter last year.
Shares of NYSE KMPR traded up $0.64 during trading on Tuesday, hitting $85.10. 229,594 shares of the company traded hands, compared to its average volume of 244,590. Kemper has a 1 year low of $61.57 and a 1 year high of $91.97. The stock has a market capitalization of $5.39 billion, a PE ratio of 19.47 and a beta of 1.25. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.33.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. Kemper’s payout ratio is 22.88%.
In related news, SVP John Michael Boschelli sold 14,336 shares of Kemper stock in a transaction on Monday, May 6th. The shares were sold at an average price of $90.48, for a total transaction of $1,297,121.28. Following the transaction, the senior vice president now owns 23,560 shares in the company, valued at approximately $2,131,708.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Kemper by 6,538.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,628,832 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 1,604,294 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of Kemper in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. raised its stake in shares of Kemper by 99.4% in the 4th quarter. Meeder Asset Management Inc. now owns 1,262 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 629 shares in the last quarter. Ruggie Capital Group acquired a new stake in shares of Kemper in the 4th quarter valued at about $127,000. Finally, NumerixS Investment Technologies Inc raised its stake in shares of Kemper by 1,000.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 67.33% of the company’s stock.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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