Kemper - KMPR Stock Forecast, Price & News

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance. It provides automobile, homeowners, renters, fire, umbrella, general liability, and various other property and casualty insurance to individuals, as well as commercial automobile insurance to businesses. The company also offers life insurance, including permanent and term insurance, as well as supplemental accident and health insurance products; and Medicare supplement insurance, fixed hospital indemnity, home health care, specified disease, and accident-only plans to individuals in rural, suburban, and urban areas. It distributes its products through independent agents and brokers. The company was formerly known as Unitrin, Inc. and changed its name to Kemper Corporation in August 2011. Kemper Corporation was incorporated in 1990 and is headquartered in Chicago, Illinois.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Credit Suisse Group assumed coverage on shares of Kemper in a report on Thursday, April 28th. They issued an "underperform" rating and a $44.00 price objective for the company. Piper Sandler cut their price objective on shares of Kemper from $57.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, August 2nd.

Kemper Stock Up 0.4 %

Shares of NYSE:KMPR opened at $49.11 on Friday. The company's 50-day simple moving average is $47.20 and its 200-day simple moving average is $50.33. Kemper has a 52-week low of $41.62 and a 52-week high of $70.65. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -8.93 and a beta of 0.76. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.49.

Kemper (NYSE:KMPR - Get Rating) last announced its earnings results on Monday, August 1st. The insurance provider reported ($0.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.08. Kemper had a negative net margin of 6.07% and a negative return on equity of 8.51%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned ($1.54) earnings per share. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts predict that Kemper will post -1.83 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.52%. Kemper's payout ratio is presently -22.55%.

Insider Buying and Selling

In other Kemper news, Director Jason N. Gorevic purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $43.00 per share, for a total transaction of $129,000.00. Following the completion of the transaction, the director now owns 12,139 shares of the company's stock, valued at approximately $521,977. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.