Kemper Corporation (NYSE:KMPR) Receives Consensus Rating of "Buy" from Brokerages

Shares of Kemper Corporation (NYSE:KMPR - Get Free Report) have received a consensus rating of "Buy" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $79.40.

Several research analysts have commented on KMPR shares. Piper Sandler cut their price objective on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen downgraded Kemper from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th.

Kemper Trading Up 0.9%

KMPR stock traded up $0.57 during midday trading on Friday, reaching $60.94. 741,668 shares of the company's stock traded hands, compared to its average volume of 491,820. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.22 and a quick ratio of 0.22. Kemper has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The business has a 50-day moving average price of $63.31 and a two-hundred day moving average price of $63.90. The company has a market capitalization of $3.90 billion, a P/E ratio of 11.39 and a beta of 1.28.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. Kemper had a net margin of 7.38% and a return on equity of 15.02%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.07 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Kemper will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.32 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.10%. Kemper's payout ratio is currently 23.93%.

Insider Activity

In other Kemper news, Director Alberto J. Paracchini purchased 500 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average price of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the purchase, the director owned 10,323 shares in the company, valued at $637,032.33. The trade was a 5.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Laderman acquired 2,500 shares of the stock in a transaction on Tuesday, June 10th. The shares were acquired at an average price of $62.24 per share, with a total value of $155,600.00. Following the purchase, the director owned 21,635 shares in the company, valued at $1,346,562.40. This represents a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.76% of the stock is owned by company insiders.

Institutional Trading of Kemper

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in Kemper during the fourth quarter valued at approximately $1,285,000. Raymond James Financial Inc. acquired a new position in shares of Kemper in the 4th quarter worth approximately $23,325,000. PNC Financial Services Group Inc. increased its holdings in shares of Kemper by 17.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,217 shares of the insurance provider's stock valued at $546,000 after acquiring an additional 1,250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kemper by 3.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,150 shares of the insurance provider's stock valued at $1,007,000 after acquiring an additional 537 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Kemper by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 9,342 shares of the insurance provider's stock worth $621,000 after purchasing an additional 375 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.