Kemper (NYSE:KMPR) Issues Quarterly Earnings Results

Kemper (NYSE:KMPR) issued its quarterly earnings data on Wednesday. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11, FiscalAI reports. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share.

Kemper Trading Down 0.9%

Shares of KMPR stock opened at $29.16 on Thursday. The business’s 50 day moving average is $27.11 and its two-hundred day moving average is $30.55. Kemper has a twelve month low of $22.69 and a twelve month high of $54.90. The company has a market capitalization of $1.72 billion, a P/E ratio of 47.03 and a beta of 1.04. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36.

Kemper Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

Institutional Investors Weigh In On Kemper

Several large investors have recently modified their holdings of KMPR. AQR Capital Management LLC grew its position in Kemper by 40.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock valued at $143,323,000 after buying an additional 795,131 shares during the last quarter. Wellington Management Group LLP raised its position in Kemper by 12.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock worth $143,131,000 after buying an additional 316,216 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kemper by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,472,276 shares of the insurance provider’s stock worth $100,227,000 after buying an additional 140,539 shares during the last quarter. State Street Corp lifted its stake in shares of Kemper by 0.5% in the 2nd quarter. State Street Corp now owns 2,212,025 shares of the insurance provider’s stock worth $142,764,000 after acquiring an additional 10,213 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Kemper by 4.4% in the 4th quarter. Millennium Management LLC now owns 1,164,410 shares of the insurance provider’s stock worth $47,205,000 after acquiring an additional 48,750 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMPR. UBS Group cut their target price 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Piper Sandler lowered their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $44.00.

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.