Kemper Co. Forecasted to Post Q2 2024 Earnings of $0.94 Per Share (NYSE:KMPR)

Kemper Co. (NYSE:KMPR - Free Report) - William Blair boosted their Q2 2024 EPS estimates for shares of Kemper in a report issued on Thursday, May 2nd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $0.94 for the quarter, up from their previous forecast of $0.84. The consensus estimate for Kemper's current full-year earnings is $4.50 per share. William Blair also issued estimates for Kemper's Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.16 EPS and Q4 2025 earnings at $1.26 EPS.

KMPR has been the topic of a number of other research reports. Raymond James raised their price objective on shares of Kemper from $60.00 to $70.00 and gave the company a "strong-buy" rating in a research note on Friday, January 26th. UBS Group boosted their price target on Kemper from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Piper Sandler increased their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. 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. Finally, TD Cowen started coverage on Kemper in a research report on Wednesday, January 10th. They issued an "outperform" rating and a $70.00 price target on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $70.40.

Kemper Stock Up 1.0 %

Kemper stock traded up $0.59 during midday trading on Friday, hitting $58.98. The stock had a trading volume of 437,430 shares, compared to its average volume of 450,947. The business has a fifty day moving average price of $58.47 and a 200 day moving average price of $52.37. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. Kemper has a 12 month low of $38.32 and a 12 month high of $64.69. The stock has a market cap of $3.79 billion, a P/E ratio of -30.91 and a beta of 0.89.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.02). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.01 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.07%. The company's quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.02) EPS.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.10%. Kemper's dividend payout ratio is -65.26%.

Institutional Trading of Kemper

Hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new stake in Kemper during the 3rd quarter worth approximately $32,000. Raymond James & Associates grew its position in Kemper by 33.0% during the 3rd quarter. Raymond James & Associates now owns 52,526 shares of the insurance provider's stock worth $2,208,000 after acquiring an additional 13,029 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kemper by 12.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,843 shares of the insurance provider's stock worth $540,000 after acquiring an additional 1,379 shares during the last quarter. Inspire Investing LLC grew its position in Kemper by 12.8% during the 3rd quarter. Inspire Investing LLC now owns 7,291 shares of the insurance provider's stock worth $306,000 after acquiring an additional 829 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Kemper by 14.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,793 shares of the insurance provider's stock valued at $412,000 after buying an additional 1,261 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Company Profile

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.