Kemper (NYSE:KMPR) Shares Down 4% – Here’s Why

Kemper Corporation (NYSE:KMPR) shares dropped 4% during mid-day trading on Wednesday . The stock traded as low as $27.83 and last traded at $27.4950. Approximately 23,300 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,060,819 shares. The stock had previously closed at $28.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMPR shares. UBS Group reduced their price objective on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. Finally, Piper Sandler dropped their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $51.75.

Kemper Stock Down 1.5%

The firm has a market cap of $1.66 billion, a P/E ratio of 45.50 and a beta of 1.04. The firm’s 50-day moving average price is $27.42 and its 200 day moving average price is $31.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS. On average, equities research analysts expect that Kemper Corporation will post 1.94 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, May 18th. This represents a $1.28 annualized dividend and a yield of 4.5%. Kemper’s payout ratio is presently 206.45%.

Institutional Investors Weigh In On Kemper

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

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.