BidaskClub Lowers Kemper Corporation (NYSE:KMPR) to Sell

BidaskClub lowered shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a sell rating in a research report released on Sunday, July 30th.

Several other research firms also recently commented on KMPR. TheStreet downgraded Kemper Corporation from a b- rating to a c rating in a research report on Thursday, May 4th. Zacks Investment Research downgraded Kemper Corporation from a hold rating to a strong sell rating in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $52.50.

Shares of Kemper Corporation (KMPR) traded down 0.51% on Friday, hitting $48.60. The stock had a trading volume of 193,959 shares. The stock has a market capitalization of $2.49 billion, a PE ratio of 48.99 and a beta of 1.11. The firm’s 50 day moving average is $40.62 and its 200-day moving average is $40.65. Kemper Corporation has a one year low of $35.30 and a one year high of $49.20.

Kemper Corporation (NYSE:KMPR) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.23. The firm had revenue of $684.40 million for the quarter, compared to the consensus estimate of $641.20 million. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. Equities research analysts expect that Kemper Corporation will post $1.66 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, August 10th. Kemper Corporation’s payout ratio is 97.96%.

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Kemper Corporation by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 587,789 shares of the insurance provider’s stock valued at $23,453,000 after buying an additional 17,651 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Kemper Corporation during the first quarter valued at about $223,000. State Treasurer State of Michigan boosted its stake in shares of Kemper Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 19,750 shares of the insurance provider’s stock valued at $788,000 after buying an additional 200 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Kemper Corporation by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 27,451 shares of the insurance provider’s stock valued at $1,094,000 after buying an additional 917 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Kemper Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,018 shares of the insurance provider’s stock valued at $679,000 after buying an additional 200 shares during the period. 55.13% of the stock is currently owned by institutional investors.

Kemper Corporation Company Profile

Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.

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