Q1 2024 EPS Estimates for Kemper Co. Lifted by William Blair (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) – Investment analysts at William Blair upped their Q1 2024 earnings per share estimates for Kemper in a research report issued on Tuesday, April 23rd. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $1.12 per share for the quarter, up from their previous estimate of $0.72. The consensus estimate for Kemper’s current full-year earnings is $4.22 per share. William Blair also issued estimates for Kemper’s FY2024 earnings at $4.02 EPS, Q1 2025 earnings at $1.02 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $1.20 EPS and Q4 2025 earnings at $1.31 EPS.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion.

Several other research analysts also recently issued reports on the company. Raymond James upped their price objective on 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 upped their target price on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 5th. TD Cowen assumed coverage on Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price on the stock. Piper Sandler upped their target price on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.40.

Kemper Stock Performance

Kemper stock opened at $57.42 on Friday. The business has a 50 day moving average of $58.50 and a 200-day moving average of $51.93. Kemper has a 1 year low of $38.32 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $3.69 billion, a P/E ratio of -13.51 and a beta of 0.91.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 16th. Kemper’s payout ratio is -29.18%.

Hedge Funds Weigh In On Kemper

Institutional investors and hedge funds have recently modified their holdings of the business. YHB Investment Advisors Inc. bought a new position in shares of Kemper in the 1st quarter worth $25,000. Blue Trust Inc. lifted its holdings in shares of Kemper by 211.1% in the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 361 shares in the last quarter. CWM LLC lifted its holdings in shares of Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 348 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Kemper in the 3rd quarter worth $32,000. Finally, Quest Partners LLC bought a new position in shares of Kemper in the 4th quarter worth $66,000. 86.23% of the stock is currently owned by institutional investors.

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.