Kemper (NYSE:KMPR – Get Free Report) issued its quarterly earnings data on Wednesday. The insurance provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11, FiscalAI reports. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion.
Kemper Stock Down 0.9%
KMPR stock traded down $0.25 during trading hours on Wednesday, reaching $29.16. 708,212 shares of the stock were exchanged, compared to its average volume of 1,039,472. The firm’s 50-day moving average is $27.05 and its 200-day moving average is $30.61. Kemper has a 12 month low of $22.69 and a 12 month high of $54.90. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 47.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on KMPR shares. Piper Sandler lowered their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. UBS Group lowered their target price on Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kemper presently has an average rating of “Reduce” and an average price target of $51.75.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of KMPR. AQR Capital Management LLC grew its holdings in shares of Kemper by 40.1% during the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after buying an additional 795,131 shares in the last quarter. Millennium Management LLC boosted its position in Kemper by 129.8% during the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after acquiring an additional 630,241 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Kemper during the 4th quarter worth approximately $24,324,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kemper in the fourth quarter valued at approximately $20,730,000. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Kemper in the third quarter valued at approximately $24,340,000. 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.
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