Kemper (NYSE:KMPR) Shares Up 5.6%

Kemper Co. (NYSE:KMPR) shares traded up 5.6% on Wednesday . The stock traded as high as $61.73 and last traded at $61.72. 480,903 shares changed hands during trading, an increase of 10% from the average session volume of 436,784 shares. The stock had previously closed at $58.46.

Wall Street Analyst Weigh In

KMPR has been the topic of several recent analyst reports. TD Cowen began coverage on Kemper in a research report on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price target on the stock. UBS Group raised their price objective on shares of Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Piper Sandler increased their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. JMP Securities reissued a “market outperform” rating and set a $75.00 target price on shares of Kemper in a research report on Monday, April 15th. Finally, Raymond James upped their price target on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kemper currently has an average rating of “Buy” and a consensus target price of $70.40.

Kemper Stock Up 3.3 %

The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -14.21 and a beta of 0.91. The firm has a 50 day simple moving average of $58.49 and a 200-day simple moving average of $51.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.20 and a quick ratio of 0.20.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, sell-side analysts forecast that Kemper Co. will post 4.17 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.05%. Kemper’s payout ratio is currently -29.18%.

Institutional Trading of Kemper

Institutional investors and hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new stake in shares of Kemper in the third quarter worth about $32,000. Oak Thistle LLC bought a new stake in Kemper during the 3rd quarter worth approximately $344,000. Raymond James & Associates raised its holdings in Kemper by 33.0% during the 3rd quarter. Raymond James & Associates now owns 52,526 shares of the insurance provider’s stock worth $2,208,000 after buying an additional 13,029 shares during the period. Ceredex Value Advisors LLC lifted its stake in Kemper by 21.8% in the third quarter. Ceredex Value Advisors LLC now owns 399,700 shares of the insurance provider’s stock valued at $16,799,000 after buying an additional 71,550 shares in the last quarter. Finally, New South Capital Management Inc. boosted its holdings in shares of Kemper by 20.4% in the third quarter. New South Capital Management Inc. now owns 934,506 shares of the insurance provider’s stock valued at $39,277,000 after buying an additional 158,188 shares during the period. 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.