Langen Mcalenn Reaffirms Neutral Rating for Kemper Corporation (KMPR)
Kemper Corporation (NYSE:KMPR)‘s stock had its “neutral” rating reissued by Langen Mcalenn in a research note issued on Wednesday.
Several other research analysts also recently commented on KMPR. Zacks Investment Research downgraded shares of Kemper Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. TheStreet downgraded shares of Kemper Corporation from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.00.
Kemper Corporation (NYSE:KMPR) opened at 44.35 on Wednesday. The company has a market cap of $2.27 billion, a P/E ratio of 134.39 and a beta of 1.02. Kemper Corporation has a 52 week low of $26.37 and a 52 week high of $45.95. The stock has a 50 day moving average of $44.03 and a 200 day moving average of $40.20.
Kemper Corporation (NYSE:KMPR) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company had revenue of $642.70 million for the quarter, compared to the consensus estimate of $631.21 million. Kemper Corporation had a net margin of 0.67% and a return on equity of 0.64%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts expect that Kemper Corporation will post $2.15 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, February 16th. Kemper Corporation’s dividend payout ratio (DPR) is 300.00%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its position in Kemper Corporation by 1.1% in the third quarter. Prudential Financial Inc. now owns 30,785 shares of the company’s stock worth $1,210,000 after buying an additional 340 shares during the period. BlackRock Fund Advisors increased its position in Kemper Corporation by 6.6% in the third quarter. BlackRock Fund Advisors now owns 2,344,531 shares of the company’s stock worth $92,187,000 after buying an additional 145,351 shares during the period. Advisor Consultant Network Inc. acquired a new position in Kemper Corporation during the third quarter worth approximately $3,535,000. Rhumbline Advisers increased its position in Kemper Corporation by 2.6% in the third quarter. Rhumbline Advisers now owns 91,057 shares of the company’s stock worth $3,580,000 after buying an additional 2,350 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Kemper Corporation by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 541,082 shares of the company’s stock worth $21,276,000 after buying an additional 12,012 shares during the period. 57.76% of the stock is currently owned by institutional investors and hedge funds.
About Kemper Corporation
Kemper Corporation is a diversified insurance holding company. The Company, through the subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company, through its subsidiaries, is engaged in the property and casualty insurance and life and health insurance businesses.
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