Kemper (NYSE:KMPR) PT Lowered to $48.00 at Piper Sandler

Kemper (NYSE:KMPR – Get Rating) had its price objective decreased by Piper Sandler from $57.00 to $48.00 in a research note published on Tuesday, Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider’s stock.

Separately, Credit Suisse Group started coverage on Kemper in a research note on Thursday, April 28th. They set an underperform rating and a $44.00 price objective on the stock.

Kemper Stock Performance

NYSE:KMPR opened at $43.73 on Tuesday. The company has a market capitalization of $2.79 billion, a PE ratio of -7.95 and a beta of 0.76. The company has a 50 day simple moving average of $48.06 and a two-hundred day simple moving average of $51.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.22 and a current ratio of 0.22. Kemper has a fifty-two week low of $41.62 and a fifty-two week high of $70.65.

Kemper (NYSE:KMPR – Get Rating) last released its earnings results on Monday, August 1st. The insurance provider reported ($0.62) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.08. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Kemper had a negative net margin of 6.07% and a negative return on equity of 8.51%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.54) EPS. Research analysts anticipate that Kemper will post -1.63 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, August 12th. Kemper’s payout ratio is -22.55%.

Insider Transactions at Kemper

In other news, Director Jason N. Gorevic bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average price of $43.00 per share, for a total transaction of $129,000.00. Following the transaction, the director now directly owns 12,139 shares of the company’s stock, valued at approximately $521,977. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Kemper

Several hedge funds have recently made changes to their positions in KMPR. Cutler Group LP purchased a new stake in Kemper in the first quarter worth $45,000. Pinebridge Investments L.P. purchased a new stake in Kemper in the fourth quarter worth $71,000. Allspring Global Investments Holdings LLC purchased a new stake in Kemper in the fourth quarter worth $124,000. PNC Financial Services Group Inc. grew its stake in Kemper by 20.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock worth $134,000 after purchasing an additional 410 shares during the period. Finally, Farmer Steven Patrick purchased a new stake in Kemper in the second quarter worth $214,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Kemper Company Profile

(Get Rating)

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.