Kemper (NYSE:KMPR) Trading Down 6.8% – What’s Next?

Kemper Corporation (NYSE:KMPR) dropped 6.8% on Monday . The stock traded as low as $26.55 and last traded at $26.5590. Approximately 193,958 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,033,695 shares. The stock had previously closed at $28.51.

Wall Street Analysts Forecast Growth

KMPR has been the subject of several research reports. Piper Sandler dropped their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Weiss Ratings cut Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Finally, UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kemper in a report on Monday. 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 stock. Based on data from MarketBeat.com, Kemper presently has an average rating of “Reduce” and a consensus price target of $43.67.

Kemper Trading Down 8.0%

The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -3.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The company has a 50 day moving average price of $27.27 and a 200 day moving average price of $30.42.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The business’s quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts expect that Kemper Corporation will post 1.93 earnings per share for the current year.

Kemper Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KMPR. Huntington National Bank increased its holdings in Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 421 shares during the period. Signaturefd LLC purchased a new position in shares of Kemper in the 4th quarter valued at about $32,000. Danske Bank A S acquired a new position in shares of Kemper during the third quarter worth about $36,000. Rockefeller Capital Management L.P. increased its stake in shares of Kemper by 616.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after buying an additional 814 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after buying an additional 1,031 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

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.