Q3 2024 Earnings Estimate for Kemper Co. (NYSE:KMPR) Issued By William Blair

Kemper Co. (NYSE:KMPR - Free Report) - Equities research analysts at William Blair lowered their Q3 2024 earnings per share (EPS) estimates for shares of Kemper in a research note issued to investors on Thursday, May 2nd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $0.92 per share for the quarter, down from their prior estimate of $0.97. The consensus estimate for Kemper's current full-year earnings is $4.50 per share. William Blair also issued estimates for Kemper's Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.95 EPS and FY2025 earnings at $4.35 EPS.

Several other equities research analysts have also commented on the stock. 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. UBS Group upped their price objective on Kemper from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Raymond James raised their target price on Kemper from $60.00 to $70.00 and gave the company a "strong-buy" rating in a research report on Friday, January 26th. Piper Sandler boosted their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday, April 1st. Finally, JMP Securities restated a "market outperform" rating and set a $75.00 price objective on shares of Kemper in a report on Monday, April 15th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $70.40.

Kemper Stock Up 2.5 %

Shares of KMPR traded up $1.50 during trading hours on Monday, reaching $60.48. 470,500 shares of the stock traded hands, compared to its average volume of 451,171. Kemper has a 52 week low of $38.32 and a 52 week high of $64.69. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -31.04 and a beta of 0.89. The stock has a fifty day simple moving average of $58.50 and a 200 day simple moving average of $52.56. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.54.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.02). The company had revenue of $1.14 billion for 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 3.03%. The firm's quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.02) EPS.

Institutional Investors Weigh In On Kemper

A number of hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB raised its holdings in Kemper by 20.5% during the 4th quarter. Handelsbanken Fonder AB now owns 10,573 shares of the insurance provider's stock valued at $515,000 after acquiring an additional 1,800 shares during the period. Wellington Management Group LLP grew its position in shares of Kemper by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider's stock valued at $173,408,000 after purchasing an additional 150,584 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Kemper during the 4th quarter valued at $641,000. Victory Capital Management Inc. grew its position in shares of Kemper by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider's stock valued at $40,817,000 after purchasing an additional 31,480 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its position in shares of Kemper by 53.7% during the 3rd quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider's stock valued at $12,700,000 after purchasing an additional 105,624 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.05%. Kemper's dividend payout ratio (DPR) is presently -65.26%.

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.