Kemper (NYSE:KMPR) Reaches New 52-Week High at $63.32

Kemper Co. (NYSE:KMPR) shares reached a new 52-week high on Wednesday . The company traded as high as $63.32 and last traded at $63.13, with a volume of 79212 shares traded. The stock had previously closed at $62.25.

Analyst Ratings Changes

KMPR has been the subject of several research reports. Piper Sandler upped their price objective on shares of Kemper from $56.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Raymond James increased their price target on Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. UBS Group boosted their price objective on Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, TD Cowen started coverage on Kemper in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $70.67.

Kemper Stock Down 3.3 %

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 firm has a 50-day moving average of $58.78 and a two-hundred day moving average of $49.95.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equities research analysts predict that Kemper Co. will post 4.14 EPS for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.24 annualized dividend and a dividend yield of 2.00%. Kemper’s dividend payout ratio is currently -29.18%.

Hedge Funds Weigh In On Kemper

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Kemper by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 84,710 shares of the insurance provider’s stock worth $4,789,000 after purchasing an additional 3,402 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Kemper by 16.1% during the 1st quarter. American Century Companies Inc. now owns 8,516 shares of the insurance provider’s stock worth $481,000 after acquiring an additional 1,179 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Kemper by 20.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 410 shares during the last quarter. Bank of Montreal Can raised its position in shares of Kemper by 14.9% during the 1st quarter. Bank of Montreal Can now owns 8,617 shares of the insurance provider’s stock worth $489,000 after acquiring an additional 1,118 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Kemper by 33.5% in the first quarter. MetLife Investment Management LLC now owns 38,718 shares of the insurance provider’s stock valued at $2,189,000 after purchasing an additional 9,722 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

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.