Kemper (NYSE:KMPR) Posts Earnings Results, Misses Expectations By $0.22 EPS

Key Points

• Kemper reported earnings for the quarter at $1.30 EPS, missing expectations by $0.22 compared to the analysts' consensus of $1.52 EPS.
• The company announced a quarterly dividend of $0.32 per share, representing an annual yield of 2.1% with a payout ratio of 23.93%.
• A recent downgrade from Piper Sandler reduced the target price on Kemper shares from $86.00 to $75.00, while the consensus rating remains at "Buy" with a target price of $79.40.

Kemper (NYSE:KMPR - Get Free Report) announced its earnings results on Tuesday. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22), Zacks reports. Kemper had a return on equity of 15.02% and a net margin of 7.38%.

Kemper Trading Up 1.2%

Kemper stock traded up $0.70 during midday trading on Tuesday, hitting $61.61. 704,363 shares of the stock were exchanged, compared to its average volume of 497,217. The company has a fifty day simple moving average of $62.62 and a two-hundred day simple moving average of $63.48. Kemper has a 52 week low of $53.57 and a 52 week high of $73.01. The stock has a market capitalization of $3.94 billion, a PE ratio of 11.52 and a beta of 1.27. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.1%. Kemper's payout ratio is 23.93%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KMPR shares. Piper Sandler dropped their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $79.40.

Insider Activity at Kemper

In other news, Director Gerald Laderman acquired 2,500 shares of Kemper stock in a transaction that occurred 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 directly owned 21,635 shares of the company's stock, valued at $1,346,562.40. The trade was a 13.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alberto J. Paracchini acquired 500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the purchase, the director directly owned 10,323 shares in the company, valued at $637,032.33. The trade was a 5.09% 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in shares of Kemper by 27.0% in the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider's stock valued at $115,000 after purchasing an additional 369 shares during the last quarter. United Services Automobile Association acquired a new position in Kemper during the first quarter worth $260,000. Focus Partners Wealth increased its holdings in Kemper by 13.8% during the first quarter. Focus Partners Wealth now owns 4,860 shares of the insurance provider's stock worth $325,000 after buying an additional 591 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Kemper by 39.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider's stock worth $330,000 after buying an additional 1,406 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Kemper by 112.7% during the first quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider's stock worth $703,000 after buying an additional 5,573 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.