Kemper Corporation (NYSE:KMPR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $29.78 and traded as high as $32.88. Kemper shares last traded at $32.5690, with a volume of 1,033,517 shares traded.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. TD Cowen reduced their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, August 27th. Weiss Ratings lowered shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. UBS Group lowered their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Wall Street Zen raised shares of Kemper from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Finally, Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $37.67.
Check Out Our Latest Stock Report on Kemper
Kemper Price Performance
The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -3.95 and a beta of 1.07. The company has a 50-day moving average of $27.66 and a 200-day moving average of $29.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17.
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, topping 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 positive return on equity of 2.89% and a negative net margin of 10.84%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. As a group, equities research analysts predict that Kemper Corporation will post 2.02 earnings per share for the current year.
Kemper Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 21st. Kemper’s payout ratio is currently -15.24%.
Insider Activity at Kemper
In other news, Director Gerald Laderman bought 4,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $26.49 per share, for a total transaction of $105,960.00. Following the purchase, the director owned 33,365 shares of the company’s stock, valued at approximately $883,838.85. The trade was a 13.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jason Gorevic bought 5,000 shares of Kemper stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $25.91 per share, with a total value of $129,550.00. Following the purchase, the director directly owned 31,802 shares in the company, valued at approximately $823,989.82. This trade represents a 18.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 14,000 shares of company stock worth $367,880 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.
Hedge Funds Weigh In On Kemper
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Kemper in the second quarter valued at $227,331,000. Walleye Capital LLC acquired a new position in shares of Kemper during the 2nd quarter worth $21,709,000. Bank of America Corp DE purchased a new stake in shares of Kemper in the 2nd quarter worth about $20,800,000. Bank of New York Mellon Corp purchased a new stake in shares of Kemper in the 2nd quarter worth about $13,896,000. Finally, Lakewood Capital Management LP purchased a new stake in shares of Kemper in the 2nd quarter worth about $9,250,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
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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