Kemper Corporation (NYSE:KMPR – Get Free Report) has received a consensus rating of “Reduce” from the eight research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $37.67.
A number of research analysts recently commented on KMPR shares. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. TD Cowen cut their target price on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. UBS Group decreased their price target on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th.
Read Our Latest Stock Report on Kemper
Insider Activity
In related news, Director Jason Gorevic acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the acquisition, the director directly owned 31,802 shares in the company, valued at approximately $823,989.82. The trade was a 18.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bradley Camden bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $26.34 per share, with a total value of $26,340.00. Following the transaction, the chief financial officer directly owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 14,000 shares of company stock worth $367,880 over the last ninety days. Insiders own 0.61% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Kemper by 22.2% during the 3rd quarter. Covestor Ltd now owns 2,304 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 419 shares in the last quarter. Choreo LLC lifted its stake in Kemper by 9.2% during the third quarter. Choreo LLC now owns 8,977 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 759 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Kemper by 67.8% in the third quarter. D.A. Davidson & CO. now owns 56,375 shares of the insurance provider’s stock worth $1,409,000 after purchasing an additional 22,784 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in Kemper by 264.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,354 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 982 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Kemper by 47.2% in the third quarter. IFP Advisors Inc now owns 2,114 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 678 shares during the period. Institutional investors own 86.23% of the company’s stock.
Kemper Stock Performance
Kemper stock opened at $33.16 on Friday. Kemper has a 12-month low of $22.69 and a 12-month high of $45.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -3.95 and a beta of 1.07. The firm’s fifty day moving average price is $27.66 and its 200 day moving average price is $29.75.
Kemper (NYSE:KMPR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. On average, research analysts forecast that Kemper will post 2.02 EPS for the current fiscal year.
Kemper Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, August 21st. Kemper’s dividend payout ratio is -15.24%.
About Kemper
Kemper Corporation (NYSE: KMPR) is an insurance holding company that provides property and casualty insurance products to individuals, families and businesses in the United States. Its operations focus primarily on personal and commercial automobile insurance, along with related coverage designed for customers in specialty and preferred insurance markets.
The company offers products that may include nonstandard and standard auto insurance, homeowners and renters insurance, and other personal insurance solutions.
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