Kemper (NYSE:KMPR) Stock Price Down 3.9%

Kemper Co. (NYSE:KMPR - Get Free Report)'s share price dropped 3.9% during mid-day trading on Thursday . The company traded as low as $55.40 and last traded at $55.80. Approximately 264,692 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 436,836 shares. The stock had previously closed at $58.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen initiated coverage on shares of Kemper in a research note on Wednesday, January 10th. They set an "outperform" rating and a $70.00 price target for the company. Raymond James increased their price objective on shares of Kemper from $60.00 to $70.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 26th. Piper Sandler lifted their target price on Kemper from $66.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. Finally, UBS Group upped their price objective on Kemper from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $70.40.

Kemper Price Performance

The company has a 50 day moving average price of $58.58 and a 200 day moving average price of $50.74. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $3.56 billion, a P/E ratio of -13.03 and a beta of 0.91.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.21 billion. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. On average, equities analysts predict that Kemper Co. will post 4.17 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a $0.31 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.24 dividend on an annualized basis and a yield of 2.24%. Kemper's dividend payout ratio (DPR) is currently -29.18%.

Hedge Funds Weigh In On Kemper

Several institutional investors and hedge funds have recently made changes to their positions in KMPR. CWM LLC grew its holdings in Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider's stock valued at $30,000 after buying an additional 348 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Kemper by 211.1% in the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 361 shares in the last quarter. Gyon Technologies Capital Management LP bought a new position in Kemper during the fourth quarter worth about $29,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Kemper in the 3rd quarter worth about $31,000. Finally, Exchange Traded Concepts LLC bought a new stake in Kemper in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds 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.