Kemper (NYSE:KMPR) Stock Price Expected to Rise, Raymond James Analyst Says

Kemper (NYSE:KMPR) had its price target boosted by Raymond James from $75.00 to $82.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a strong-buy rating on the insurance provider’s stock.

KMPR has been the topic of several other research reports. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. TD Cowen raised their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $80.40.

Kemper Trading Up 0.4 %

NYSE:KMPR opened at $66.05 on Thursday. The company has a market capitalization of $4.23 billion, a P/E ratio of 15.73 and a beta of 0.88. 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 has a 12 month low of $48.10 and a 12 month high of $73.01. The firm has a fifty day simple moving average of $67.32 and a 200-day simple moving average of $63.16.

Kemper (NYSE:KMPR) last issued its quarterly 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. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) EPS. On average, equities research analysts anticipate that Kemper will post 5.36 earnings per share for the current year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were given a dividend of $0.31 per share. The ex-dividend date was Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.88%. Kemper’s dividend payout ratio is presently 29.52%.

Institutional Investors Weigh In On Kemper

Several hedge funds have recently modified their holdings of KMPR. Dimensional Fund Advisors LP raised its stake in shares of Kemper by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,429,101 shares of the insurance provider’s stock worth $144,115,000 after buying an additional 30,882 shares during the period. State Street Corp increased its holdings in Kemper by 3.9% in the 3rd quarter. State Street Corp now owns 2,136,621 shares of the insurance provider’s stock worth $130,868,000 after acquiring an additional 79,622 shares in the last quarter. Geode Capital Management LLC raised its position in Kemper by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider’s stock worth $61,933,000 after acquiring an additional 9,412 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Kemper by 81.1% during the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after purchasing an additional 375,324 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in shares of Kemper by 2.8% in the second quarter. Deprince Race & Zollo Inc. now owns 741,775 shares of the insurance provider’s stock valued at $44,010,000 after purchasing an additional 19,982 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

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.