Kemper Corporation (NYSE:KMPR) Given Consensus Rating of “Buy” by Brokerages

Shares of Kemper Corporation (NYSE:KMPR) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $79.40.

KMPR has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Kemper from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th.

Insider Buying and Selling

In related news, Director Gerald Laderman acquired 2,500 shares of Kemper stock in a transaction on Tuesday, June 10th. The stock was purchased at an average cost of $62.24 per share, with a total value of $155,600.00. Following the completion of the transaction, the director now directly owns 21,635 shares in the company, valued at $1,346,562.40. This trade represents a 13.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alberto J. Paracchini acquired 500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The stock was bought at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the transaction, the director now directly owns 10,323 shares of the company’s stock, valued at approximately $637,032.33. This trade represents a 5.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional Trading of Kemper

Hedge funds and other institutional investors have recently modified their holdings of the stock. Treasurer of the State of North Carolina boosted its position in shares of Kemper by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,630 shares of the insurance provider’s stock valued at $1,769,000 after acquiring an additional 160 shares during the period. Arizona State Retirement System raised its stake in Kemper by 0.9% in the 4th quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider’s stock worth $1,242,000 after purchasing an additional 161 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Kemper by 2.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider’s stock worth $547,000 after purchasing an additional 206 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Kemper by 4.8% in the 1st quarter. Federated Hermes Inc. now owns 5,688 shares of the insurance provider’s stock valued at $380,000 after purchasing an additional 263 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Kemper by 104.4% during the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 332 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Down 1.2%

KMPR stock opened at $62.83 on Wednesday. The business has a 50-day moving average of $61.47 and a 200-day moving average of $64.48. Kemper has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The stock has a market capitalization of $4.02 billion, a P/E ratio of 11.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Kemper will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a $0.32 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.04%. Kemper’s dividend payout ratio is presently 23.93%.

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.