Zacks Investment Research downgraded shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a strong sell rating in a research report released on Friday, July 14th.
According to Zacks, “Kemper Corporation is a financial services provider. It specializes in property and casualty insurance, life and health insurance products for individuals, families, and small businesses. Kemper Corporation is based in Chicago, Illinois. “
A number of other research firms have also weighed in on KMPR. BidaskClub upgraded shares of Kemper Corporation from a sell rating to a hold rating in a research note on Saturday, July 1st. TheStreet lowered shares of Kemper Corporation from a b- rating to a c rating in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $52.50.
Shares of Kemper Corporation (KMPR) opened at 47.60 on Friday. Kemper Corporation has a one year low of $33.75 and a one year high of $47.70. The stock’s 50 day moving average price is $38.77 and its 200 day moving average price is $40.35. The stock has a market capitalization of $2.44 billion, a P/E ratio of 47.98 and a beta of 1.11.
Kemper Corporation (NYSE:KMPR) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.23. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The company had revenue of $684.40 million during the quarter, compared to analyst estimates of $641.20 million. During the same quarter last year, the business posted $0.08 EPS. Kemper Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Kemper Corporation will post $1.60 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, August 10th. Kemper Corporation’s payout ratio is 97.96%.
In related news, insider Mark A. Green acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of $37.72 per share, with a total value of $37,720.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.92% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of KMPR. Suntrust Banks Inc. increased its stake in Kemper Corporation by 1.0% in the first quarter. Suntrust Banks Inc. now owns 7,991 shares of the insurance provider’s stock worth $318,000 after buying an additional 77 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Kemper Corporation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 17,405 shares of the insurance provider’s stock valued at $672,000 after buying an additional 99 shares in the last quarter. Eagle Global Advisors LLC increased its stake in Kemper Corporation by 2.7% in the first quarter. Eagle Global Advisors LLC now owns 6,580 shares of the insurance provider’s stock valued at $263,000 after buying an additional 174 shares in the last quarter. Advantus Capital Management Inc increased its stake in Kemper Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,239 shares of the insurance provider’s stock valued at $249,000 after buying an additional 196 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Kemper Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,018 shares of the insurance provider’s stock valued at $679,000 after buying an additional 200 shares in the last quarter. 55.18% of the stock is owned by institutional investors.
Kemper Corporation Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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