Kemper Co. (NYSE:KMPR) Receives $76.20 Average Price Target from Brokerages

Shares of Kemper Co. (NYSE:KMPR) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $76.20.

KMPR has been the topic of several recent analyst reports. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Raymond James increased their price objective on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group increased their price objective on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. Finally, Piper Sandler increased their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC raised its stake in shares of Kemper by 3.0% in the first quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock worth $48,988,000 after buying an additional 23,285 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Kemper by 30.3% in the first quarter. Russell Investments Group Ltd. now owns 476,049 shares of the insurance provider’s stock worth $29,478,000 after buying an additional 110,752 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Kemper by 65.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after buying an additional 246,184 shares during the period. Janus Henderson Group PLC raised its stake in shares of Kemper by 12.7% in the first quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after buying an additional 57,979 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Kemper by 84.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock worth $2,472,000 after buying an additional 18,290 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Trading Up 3.2 %

NYSE KMPR opened at $67.82 on Tuesday. Kemper has a 12 month low of $38.52 and a 12 month high of $68.12. The stock has a market cap of $4.34 billion, a P/E ratio of 16.15 and a beta of 0.85. The stock’s fifty day moving average price is $61.92 and its 200-day moving average price is $60.91. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted ($0.44) earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that Kemper will post 5.17 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.83%. Kemper’s payout ratio is 29.52%.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.