Kemper Corporation (NYSE:KMPR – Get Free Report) has been given a consensus rating of “Reduce” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $43.25.
KMPR has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Weiss Ratings cut Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, TD Cowen cut their price objective on shares of Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, August 27th.
Check Out Our Latest Stock Analysis on KMPR
Kemper Stock Performance
Kemper (NYSE:KMPR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating 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 firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $1.30 EPS. The company’s revenue was down 10.8% on a year-over-year basis. Equities analysts forecast that Kemper will post 2.02 earnings per share for the current fiscal year.
Kemper Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Kemper’s dividend payout ratio (DPR) is -15.24%.
Insider Buying and Selling
In other Kemper news, CFO Bradley Camden purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $26.34 per share, with a total value of $26,340.00. Following the completion of the purchase, the chief financial officer directly owned 51,259 shares in the company, valued at $1,350,162.06. This trade represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen McAnena purchased 3,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, with a total value of $79,500.00. Following the acquisition, the chief executive officer owned 30,945 shares in the company, valued at $820,042.50. The trade was a 10.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 14,000 shares of company stock valued at $367,880 in the last three months. Corporate insiders own 0.61% of the company’s stock.
Institutional Investors Weigh In On Kemper
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in shares of Kemper by 125.8% in the first quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock worth $8,693,000 after purchasing an additional 158,488 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Kemper by 1,888.9% during the 1st quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock valued at $6,577,000 after buying an additional 203,417 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Kemper by 28.4% during the 2nd quarter. Wellington Management Group LLP now owns 536,164 shares of the insurance provider’s stock valued at $14,455,000 after buying an additional 118,683 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Kemper in the 1st quarter valued at about $1,622,000. Finally, BlackRock Inc. purchased a new stake in Kemper in the 2nd quarter valued at about $227,331,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
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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