Kemper Corporation (NYSE:KMPR) Given Average Recommendation of “Reduce” by Brokerages

Shares of Kemper Corporation (NYSE:KMPR) have been assigned a consensus recommendation of “Reduce” from the eight analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $43.6667.

A number of brokerages recently issued reports on KMPR. Weiss Ratings cut Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Piper Sandler lowered their price objective 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. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, UBS Group reduced their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th.

Insider Buying and Selling at Kemper

In related news, Director Gerald Laderman bought 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director directly owned 33,365 shares of the company’s stock, valued at $883,838.85. This trade represents a 13.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bradley T. Camden bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the acquisition, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at approximately $1,350,162.06. This represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 14,000 shares of company stock worth $367,880. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kemper

Several institutional investors have recently bought and sold shares of KMPR. Huntington National Bank lifted its stake in Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares in the last quarter. Danske Bank A S bought a new stake in shares of Kemper in the 3rd quarter worth $36,000. Rockefeller Capital Management L.P. raised its holdings in shares of Kemper by 616.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 814 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Kemper by 11,455.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Kemper by 57.5% during the fourth quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 507 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Performance

NYSE:KMPR opened at $27.38 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.61 billion, a P/E ratio of -3.26 and a beta of 1.04. The company has a fifty day moving average of $27.52 and a 200-day moving average of $29.99. Kemper has a twelve month low of $22.69 and a twelve month high of $54.90.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 earnings per share. As a group, sell-side analysts anticipate that Kemper will post 1.97 EPS for the current year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.7%. Kemper’s dividend payout ratio (DPR) is presently -15.24%.

About Kemper

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.