Kemper Corporation (NYSE:KMPR) Stock Has Average Price Target of $37.67 According to Analysts

Shares of Kemper Corporation (NYSE:KMPR) have been given an average rating of “Reduce” by the eight research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.67.

KMPR has been the topic of a number of research analyst reports. UBS Group decreased their target price on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d)” rating on shares of Kemper in a research report on Tuesday. TD Cowen reduced their price target on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research report on Friday, October 30th. Finally, Wall Street Zen raised shares of Kemper from a “sell” rating to a “hold” rating in a report on Sunday, September 27th.

Insider Buying and Selling at Kemper

In related news, Director Gerald Laderman purchased 4,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $26.49 per share, with a total value of $105,960.00. Following the completion of the transaction, the director directly owned 33,365 shares of the company’s stock, valued at $883,838.85. This trade represents a 13.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bradley Camden acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $26.34 per share, with a total value of $26,340.00. Following the transaction, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. The trade was a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 14,000 shares of company stock worth $367,880. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Kemper

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Kemper in the second quarter worth about $227,331,000. Walleye Capital LLC purchased a new position in shares of Kemper in the 2nd quarter valued at approximately $21,709,000. Bank of America Corp DE acquired a new position in Kemper during the second quarter worth about $20,800,000. Bank of New York Mellon Corp purchased a new position in shares of Kemper in the 2nd quarter worth about $13,896,000. Finally, Lakewood Capital Management LP acquired a new position in Kemper in the second quarter worth about $9,250,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Stock Down 5.5%

NYSE KMPR opened at $33.38 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper has a twelve month low of $22.69 and a twelve month high of $41.74. The stock has a market cap of $1.97 billion, a PE ratio of -3.97 and a beta of 1.06. The firm has a 50-day simple moving average of $28.37 and a 200 day simple moving average of $29.65.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. Kemper’s quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts forecast that Kemper will post 2.10 EPS for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, November 16th. Kemper’s dividend payout ratio is -15.24%.

About Kemper

Kemper Corporation (NYSE: KMPR) is an insurance holding company that provides property and casualty insurance products to individuals, families and businesses in the United States. Its operations focus primarily on personal and commercial automobile insurance, along with related coverage designed for customers in specialty and preferred insurance markets.

The company offers products that may include nonstandard and standard auto insurance, homeowners and renters insurance, and other personal insurance solutions.