Kemper Corporation (NYSE:KMPR) Given Consensus Rating of “Hold” by Analysts

Kemper Corporation (NYSE:KMPR) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $67.25.

A number of research analysts recently issued reports on KMPR shares. Piper Sandler reiterated an “underweight” rating and set a $50.00 target price (down previously from $75.00) on shares of Kemper in a research report on Wednesday, August 6th. Cowen restated a “buy” rating on shares of Kemper in a research note on Thursday, August 7th. Raymond James Financial lowered Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kemper in a research note on Saturday. Finally, Wall Street Zen lowered Kemper from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th.

Insiders Place Their Bets

In other Kemper news, Director Gerald Laderman bought 3,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $49.37 per share, for a total transaction of $148,110.00. Following the purchase, the director directly owned 24,635 shares of the company’s stock, valued at approximately $1,216,229.95. This represents a 13.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason N. Gorevic bought 2,000 shares of Kemper stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $49.14 per share, with a total value of $98,280.00. Following the completion of the acquisition, the director owned 22,072 shares of the company’s stock, valued at $1,084,618.08. This represents a 9.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Kemper by 87.0% during the 1st quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider’s stock worth $89,000 after purchasing an additional 622 shares during the period. Jump Financial LLC increased its holdings in Kemper by 59.7% during the first quarter. Jump Financial LLC now owns 19,400 shares of the insurance provider’s stock worth $1,297,000 after buying an additional 7,255 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in Kemper during the second quarter worth about $608,000. Cerity Partners LLC raised its position in Kemper by 74.7% in the first quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider’s stock worth $2,362,000 after acquiring an additional 15,106 shares during the period. Finally, M&T Bank Corp purchased a new position in Kemper in the first quarter valued at about $301,000. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Performance

NYSE:KMPR opened at $47.70 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.21 and a current ratio of 0.21. Kemper has a fifty-two week low of $45.02 and a fifty-two week high of $73.01. The company has a 50 day simple moving average of $51.57 and a two-hundred day simple moving average of $57.67. The company has a market capitalization of $2.99 billion, a PE ratio of 8.98 and a beta of 1.25.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Kemper had a net margin of 7.18% and a return on equity of 14.39%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 earnings per share. Research analysts anticipate that Kemper will post 6.03 earnings per share for the current year.

Kemper declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to reacquire up to 12.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, August 18th. Kemper’s dividend payout ratio (DPR) is currently 24.11%.

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.