Analysts Set Kemper Corporation (NYSE:KMPR) PT at $56.50

Kemper Corporation (NYSE:KMPR) has been assigned an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $56.50.

Several analysts have commented on the stock. Piper Sandler decreased their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Citizens Jmp cut shares of Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, February 5th. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Monday. UBS Group set a $56.00 price target on shares of Kemper in a report on Monday, February 9th. Finally, Citigroup downgraded Kemper to a “market perform” rating in a research report on Thursday, February 5th.

Institutional Investors Weigh In On Kemper

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Kemper by 40.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after purchasing an additional 795,131 shares during the period. Millennium Management LLC boosted its holdings in Kemper by 129.8% during the third quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after buying an additional 630,241 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Kemper during the fourth quarter valued at $24,324,000. Jacobs Levy Equity Management Inc. acquired a new stake in Kemper during the fourth quarter valued at $20,730,000. Finally, Voloridge Investment Management LLC purchased a new position in Kemper in the third quarter valued at $24,340,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Price Performance

Shares of KMPR stock opened at $31.50 on Monday. Kemper has a fifty-two week low of $30.05 and a fifty-two week high of $69.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.38 and a beta of 1.14. The stock’s 50-day simple moving average is $37.40 and its 200-day simple moving average is $43.66.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.60). Kemper had a return on equity of 8.02% and a net margin of 2.99%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $1.78 EPS. The business’s revenue was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Kemper will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Kemper’s dividend payout ratio (DPR) is 58.45%.

Kemper Company Profile

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.