Brokerages Set Kemper Co. (NYSE:KMPR) Target Price at $70.67

Shares of Kemper Co. (NYSE:KMPR) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $70.67.

A number of research firms have commented on KMPR. UBS Group raised 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. Piper Sandler upped their price objective on shares of Kemper from $56.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Raymond James raised their target price on shares of Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Finally, TD Cowen started coverage on Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price for the company.

Kemper Trading Down 3.3 %

Shares of Kemper stock opened at $61.92 on Monday. The stock has a market cap of $3.98 billion, a P/E ratio of -14.57 and a beta of 0.90. The business’s 50 day moving average is $58.90 and its 200-day moving average is $50.05. Kemper has a 12-month low of $38.32 and a 12-month high of $64.69. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.55.

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

Kemper Dividend Announcement

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

Institutional Investors Weigh In On Kemper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Kemper by 211.1% in the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after buying an additional 361 shares in the last quarter. Gyon Technologies Capital Management LP bought a new position in Kemper in the 4th quarter valued at about $29,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Kemper during the 3rd quarter valued at about $31,000. Exchange Traded Concepts LLC bought a new stake in Kemper during the 3rd quarter worth approximately $32,000. Finally, KBC Group NV purchased a new stake in shares of Kemper in the fourth quarter worth approximately $63,000. 86.23% of the stock is owned by institutional investors.

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.