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

Kemper Corporation (NYSE:KMPR) has been assigned an average recommendation of “Reduce” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $51.75.

KMPR has been the topic of a number of research analyst reports. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. UBS Group cut their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Piper Sandler cut their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th.

Kemper Stock Down 0.3%

Shares of NYSE KMPR opened at $28.75 on Friday. Kemper has a 12 month low of $22.69 and a 12 month high of $64.23. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 46.38 and a beta of 1.04. The business has a 50-day moving average of $27.97 and a 200-day moving average of $32.44.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $1.65 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts expect that Kemper will post 2.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 annualized dividend and a yield of 4.5%. Kemper’s payout ratio is 206.45%.

Hedge Funds Weigh In On Kemper

Several institutional investors have recently modified their holdings of the company. Huntington National Bank lifted its position in Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after buying an additional 421 shares during the last quarter. Signaturefd LLC bought a new position in Kemper during the fourth quarter valued at approximately $32,000. Danske Bank A S bought a new position in Kemper during the third quarter valued at approximately $36,000. Rockefeller Capital Management L.P. raised its stake 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,031 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.