Kemper Corporation (NYSE:KMPR) Given Consensus Recommendation of “Reduce” by Analysts

by · The Cerbat Gem

Kemper Corporation (NYSE:KMPR – Get Free Report) has received an average rating of “Reduce” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.25.

Several research firms have recently weighed in on KMPR. Wall Street Zen downgraded shares of Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Zacks Research upgraded shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. UBS Group reduced their target price on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. Finally, TD Cowen decreased their target price on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, August 27th.

Get Our Latest Report on KMPR

Kemper Trading Down 2.1%

NYSE:KMPR opened at $26.84 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper has a 1-year low of $22.69 and a 1-year high of $53.25. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.19 and a beta of 1.04. The stock has a fifty day simple moving average of $27.99 and a 200 day simple moving average of $28.85.

Kemper (NYSE:KMPR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. Sell-side analysts forecast that Kemper will post 2.02 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, August 21st. Kemper’s dividend payout ratio is currently -15.24%.

Insider Activity

In other Kemper news, CEO Stephen McAnena acquired 3,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the transaction, the chief executive officer owned 30,945 shares of the company’s stock, valued at $820,042.50. The trade was a 10.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason Gorevic bought 5,000 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $25.91 per share, for a total transaction of $129,550.00. Following the purchase, the director owned 31,802 shares in the company, valued at approximately $823,989.82. This represents a 18.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 14,000 shares of company stock worth $367,880. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Kemper

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in Kemper by 24.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock valued at $80,000 after buying an additional 389 shares during the last quarter. Huntington National Bank increased its stake in shares of Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after buying an additional 421 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Kemper by 616.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 814 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Kemper by 181.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,654 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Kemper by 104.7% during the fourth quarter. Covestor Ltd now owns 2,207 shares of the insurance provider’s stock valued at $89,000 after acquiring an additional 1,129 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Company Profile

(Get Free Report)

Kemper Corporation is an insurance holding company headquartered in Chicago, Illinois. Through its operating subsidiaries, the company provides property and casualty insurance and life and health insurance products to individuals, families and businesses across the United States.

Kemper’s property and casualty operations focus on personal automobile insurance, including coverage for drivers who may have difficulty obtaining insurance through standard carriers. The company also offers home, renters and other personal insurance products, as well as specialty insurance solutions distributed through independent agents and other channels.

Through Kemper Life, the company provides life insurance products designed primarily for individuals and families, including coverage intended to help with final expenses and other financial needs.

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