Kemper (NYSE:KMPR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kemper (NYSE:KMPR) from a sell rating to a hold rating in a research report report published on Saturday.

Other analysts have also issued research reports about the company. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Piper Sandler reduced their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, UBS Group dropped their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $43.67.

Kemper Trading Down 8.5%

KMPR opened at $26.10 on Friday. Kemper has a one year low of $22.69 and a one year high of $54.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The business has a 50 day simple moving average of $27.29 and a two-hundred day simple moving average of $30.33. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.11 and a beta of 1.04.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.30 EPS. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. Analysts predict that Kemper will post 1.93 EPS for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, August 21st. Kemper’s payout ratio is -15.24%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its stake in Kemper by 39.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock worth $330,000 after acquiring an additional 1,406 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kemper by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after purchasing an additional 77,764 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Kemper during the first quarter valued at approximately $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kemper by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock valued at $13,253,000 after purchasing an additional 9,008 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Kemper by 112.7% during the first quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock valued at $703,000 after purchasing an additional 5,573 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

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.