Brokerages Set Kemper Co. (NYSE:KMPR) PT at $76.20

Kemper Co. (NYSE:KMPR) has been given a consensus rating of “Buy” by the five research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $76.20.

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

Hedge Funds Weigh In On Kemper

Several large investors have recently bought and sold shares of the stock. Quarry LP increased its holdings in shares of Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 329 shares during the period. Algert Global LLC acquired a new stake in Kemper during the second quarter worth about $384,000. Lighthouse Investment Partners LLC grew its position in Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock worth $17,889,000 after buying an additional 268,569 shares in the last quarter. Mackenzie Financial Corp bought a new position in Kemper during the second quarter valued at about $592,000. Finally, Millennium Management LLC raised its holdings in Kemper by 1,336.4% in the 2nd quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after acquiring an additional 317,212 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Trading Up 0.4 %

NYSE:KMPR opened at $62.11 on Thursday. The company has a market capitalization of $4.00 billion, a P/E ratio of -32.69 and a beta of 0.89. The stock’s 50 day moving average price is $61.07 and its 200 day moving average price is $59.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.22 and a current ratio of 0.22. Kemper has a 52 week low of $38.32 and a 52 week high of $65.93.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.19 by $0.23. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted ($0.26) EPS. Kemper’s quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that Kemper will post 5.17 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, August 19th. Kemper’s dividend payout ratio is currently -65.26%.

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.