Kemper Co. (NYSE:KMPR - Free Report) - Research analysts at William Blair increased their Q2 2024 EPS estimates for Kemper in a note issued to investors on Tuesday, April 23rd. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $0.84 per share for the quarter, up from their prior forecast of $0.83. The consensus estimate for Kemper's current full-year earnings is $4.17 per share. William Blair also issued estimates for Kemper's Q3 2024 earnings at $0.97 EPS, Q4 2024 earnings at $1.08 EPS and FY2025 earnings at $4.55 EPS.
Several other research analysts also recently weighed in on KMPR. JMP Securities reiterated a "market outperform" rating and issued a $75.00 price target on shares of Kemper in a research report on Monday, April 15th. TD Cowen began coverage on shares of Kemper in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $70.00 price objective for the company. Piper Sandler increased their price target on Kemper from $66.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. UBS Group boosted their price target on Kemper from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, February 5th. Finally, Raymond James increased their price objective on shares of Kemper from $60.00 to $70.00 and gave the company a "strong-buy" rating in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $70.40.
Check Out Our Latest Analysis on Kemper
Kemper Stock Performance
KMPR traded down $1.69 during mid-day trading on Thursday, reaching $58.71. 505,207 shares of the company traded hands, compared to its average volume of 444,599. The stock has a market capitalization of $3.78 billion, a P/E ratio of -14.21 and a beta of 0.91. Kemper has a 52-week low of $38.32 and a 52-week high of $64.69. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.55. The company's fifty day moving average price is $58.56 and its 200-day moving average price is $51.77.
Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.21 billion.
Kemper Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, February 16th. Kemper's payout ratio is presently -29.18%.
Hedge Funds Weigh In On Kemper
Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Kemper by 3.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider's stock worth $173,408,000 after acquiring an additional 150,584 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Kemper in the 4th quarter valued at about $641,000. Victory Capital Management Inc. boosted its holdings in shares of Kemper by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider's stock valued at $40,817,000 after buying an additional 31,480 shares in the last quarter. Chartwell Investment Partners LLC grew its position in shares of Kemper by 53.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider's stock worth $12,700,000 after buying an additional 105,624 shares during the last quarter. Finally, New South Capital Management Inc. raised its stake in shares of Kemper by 20.4% during the 3rd quarter. New South Capital Management Inc. now owns 934,506 shares of the insurance provider's stock worth $39,277,000 after acquiring an additional 158,188 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
About Kemper
(
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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.
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