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

Kemper Corporation (NYSE:KMPR) has been assigned an average recommendation of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $51.75.

Several research firms have recently issued reports on KMPR. Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. UBS Group dropped their price objective 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. Citizens Jmp lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, February 5th. Piper Sandler lowered their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Citigroup lowered shares of Kemper to a “market perform” rating in a report on Thursday, February 5th.

Kemper Price Performance

Kemper stock opened at $24.20 on Wednesday. Kemper has a 52-week low of $24.13 and a 52-week high of $65.32. The firm has a fifty day moving average of $30.74 and a 200-day moving average of $34.69. The firm has a market capitalization of $1.42 billion, a P/E ratio of 39.03 and a beta of 1.06. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $1.65 EPS. Kemper’s revenue was down 7.2% on a year-over-year basis. As a group, analysts predict that Kemper will post 2.3 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Monday, May 18th. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

Institutional Investors Weigh In On Kemper

Large investors have recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 421 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Kemper by 1,098.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 538 shares in the last quarter. Signaturefd LLC acquired a new stake in Kemper during the 4th quarter valued at $32,000. Jones Financial Companies Lllp grew its holdings in Kemper by 73.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 278 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Kemper during the 3rd quarter valued at $36,000. 86.23% of the stock is owned by institutional investors and hedge funds.

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.