Brokerages Set Kemper Co. (NYSE:KMPR) Price Target at $79.00

by · The Markets Daily

Shares of Kemper Co. (NYSE:KMPR – Get Free Report) have received a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $80.40.

A number of research firms have recently issued reports on KMPR. TD Cowen boosted their price objective on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Raymond James raised their target price on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. StockNews.com cut Kemper from a “buy” rating to a “hold” rating in a report on Thursday, December 26th. Finally, JMP Securities restated a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th.

Read Our Latest Report on KMPR

Kemper Price Performance

Shares of NYSE:KMPR opened at $66.44 on Wednesday. The company’s fifty day moving average is $67.41 and its two-hundred day moving average is $63.33. The company has a market cap of $4.26 billion, a P/E ratio of 15.82 and a beta of 0.88. Kemper has a 12-month low of $48.33 and a 12-month high of $73.01. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share 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 company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned ($0.44) EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts expect that Kemper will post 5.36 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. Kemper’s dividend payout ratio (DPR) is 29.52%.

Institutional Investors Weigh In On Kemper

A number of large investors have recently modified their holdings of KMPR. Raymond James & Associates raised its holdings in shares of Kemper by 2.9% during the 2nd quarter. Raymond James & Associates now owns 75,905 shares of the insurance provider’s stock worth $4,503,000 after buying an additional 2,141 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Kemper by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 568,704 shares of the insurance provider’s stock worth $33,741,000 after acquiring an additional 8,395 shares in the last quarter. nVerses Capital LLC raised its stake in Kemper by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 1,900 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Kemper by 24.7% in the second quarter. Aptus Capital Advisors LLC now owns 49,598 shares of the insurance provider’s stock worth $2,943,000 after acquiring an additional 9,825 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Kemper by 50.6% in the 2nd quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider’s stock valued at $4,070,000 after purchasing an additional 23,043 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

About Kemper

(Get Free Report

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.

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