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

Shares of Kemper Corporation (NYSE:KMPR) have been given an average recommendation of “Reduce” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $51.75.

A number of analysts have commented on the stock. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Piper Sandler reduced their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, UBS Group reduced their price target on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th.

Kemper Stock Down 2.7%

Shares of NYSE KMPR opened at $27.37 on Thursday. Kemper has a 1 year low of $22.69 and a 1 year high of $62.47. The firm’s 50-day moving average is $27.08 and its 200-day moving average is $31.26. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.61 billion, a PE ratio of 44.14 and a beta of 1.04.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $1.65 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts expect that Kemper will post 1.94 EPS for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 annualized dividend and a yield of 4.7%. Kemper’s dividend payout ratio is presently 206.45%.

Hedge Funds Weigh In On Kemper

Several institutional investors have recently modified their holdings of KMPR. Integrated Wealth Concepts LLC raised its position in shares of Kemper by 39.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 1,406 shares during the period. Goldman Sachs Group Inc. grew its holdings in Kemper by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after purchasing an additional 77,764 shares during the period. United Services Automobile Association bought a new stake in Kemper in the first quarter valued at approximately $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kemper by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock valued at $13,253,000 after purchasing an additional 9,008 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Kemper by 112.7% in the first quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock worth $703,000 after purchasing an additional 5,573 shares during the period. 86.23% of the stock is currently 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.