Kemper (NYSE:KMPR) Stock Price Down 6.8% – Here’s What Happened

Shares of Kemper Corporation (NYSE:KMPR) traded down 6.8% on Monday . The company traded as low as $26.55 and last traded at $26.5590. 193,958 shares changed hands during trading, a decline of 81% from the average daily volume of 1,033,695 shares. The stock had previously closed at $28.51.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMPR. UBS Group reiterated a “buy” rating and issued a $43.00 target price on shares of Kemper in a report on Monday. Piper Sandler lowered their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $43.67.

Kemper Stock Performance

The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.54 billion, a PE ratio of -3.12 and a beta of 1.04. The firm has a 50 day moving average price of $27.27 and a 200-day moving average price of $30.42.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Kemper’s quarterly revenue was down 10.8% on a year-over-year basis. Research analysts expect that Kemper Corporation will post 1.93 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s dividend payout ratio (DPR) is currently -15.24%.

Institutional Investors Weigh In On Kemper

Several hedge funds have recently bought and sold shares of KMPR. Huntington National Bank lifted its stake in shares of Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 421 shares during the period. Signaturefd LLC purchased a new position in shares of Kemper in the 4th quarter valued at about $32,000. Danske Bank A S purchased a new position in shares of Kemper in the 3rd quarter valued at about $36,000. Rockefeller Capital Management L.P. increased its holdings in Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 814 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,031 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

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.