Kemper Co. (NYSE:KMPR) Given Consensus Recommendation of “Buy” by Analysts

Kemper Co. (NYSE:KMPR) has been given an average recommendation of “Buy” by the five analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $79.00.

A number of brokerages have recently issued reports on KMPR. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. TD Cowen increased their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Piper Sandler raised their target price on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. UBS Group boosted their price objective on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Raymond James raised their target price on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Kemper

A number of institutional investors and hedge funds have recently modified their holdings of KMPR. Westfield Capital Management Co. LP boosted its position in shares of Kemper by 81.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after purchasing an additional 375,324 shares during the period. Millennium Management LLC increased its position in shares of Kemper by 1,336.4% in the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock worth $20,228,000 after acquiring an additional 317,212 shares in the last quarter. Lighthouse Investment Partners LLC raised its holdings in shares of Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after acquiring an additional 268,569 shares during the period. AQR Capital Management LLC lifted its position in shares of Kemper by 254.1% in the 2nd quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock valued at $20,398,000 after acquiring an additional 251,036 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Kemper by 65.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after purchasing an additional 246,184 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Up 0.8 %

NYSE:KMPR opened at $71.50 on Friday. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 17.02 and a beta of 0.85. Kemper has a one year low of $43.18 and a one year high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The business’s 50-day simple moving average is $64.67 and its 200 day simple moving average is $62.00.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted ($0.44) EPS. Kemper’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts predict that Kemper will post 5.36 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio is presently 29.52%.

About Kemper

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.